Nostra Terra (NOTG) raises £25,000 via PrimaryBid

14 July 2016

PrimaryBid

Nostra Terra Oil and Gas Company plc (AIM: NTOG) raises £25,000 through PrimaryBid platform

PrimaryBid, a leading online funding platform that enables investors to gain access to placings of AIM-listed companies, is pleased to announce a successful fundraising of £25,000, sourced through its proprietary funding platform for Nostra Terra Oil and Gas Company plc ("Nostra Terra").

This contribution from PrimaryBid forms part of a larger fundraising of £250,000 for Nostra Terra through its co-broker, Vicarage Capital Ltd.  

PrimaryBid has sourced more than £2.5 million of funding for AIM-listed companies since the site went live in 2015 with demand continuing to grow on the platform. PrimaryBid users are actively "watching" 50% of all AIM companies and more than 80 different AIM companies have received live bids totaling more than £52 million worth of potential equity value. 

Commenting on today's announcement, Dave Mutton, COO, PrimaryBid said:

"To support Nostra Terra in an accelerated fundraising, which PrimaryBid completed in less than 24 hours, is a real endorsement of the platform and its ability to connect AIM companies with investors, utilising technology to ensure a fast and effective process."

Ends

Enquiries:

About PrimaryBid - "AIM shares on your terms"

PrimaryBid is a leading online funding platform that enables investors to gain access to placings, fund raisings and IPOs of AIM-listed companies. The platform is open to all investors and is supported by the broking community as a way of accessing, on behalf of their AIM clients seeking capital, the large and active private investor market, as well as institutions.

Unlike typical equity crowdfunding opportunities which focus on high risk unlisted companies, PrimaryBid allows private investors to bid for participation in future fund raising exercises for listed equities in a way that regulation and market structure has made difficult in the past. As private investors account for over 60% of secondary investments on AIM^*, there is a clear need for the PrimaryBid platform. 

PrimaryBid is backed by private and strategic investors and brokers including Shore Capital, finnCap and Arden Partners.

The listing of a company on the PrimaryBid platform is not an indication that any fundraising is likely or imminent and all bids by investors are speculative. 

PrimaryBid Limited is an appointed representative of Darwin Strategic Ltd which is authorised and regulated by the FCA. 

*Source: Aim Advisers

About Nostra Terra

Nostra Terra Oil and Gas Company plc (AIM: NTOG) is a fast-growing exploration and production company focused on established hydrocarbon provinces in the United States and Egypt.