12 July 2017 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG, ESM: FAC) announces that it has been notified of a
transfer between two companies acting in concert whereby Renova Assets Limited (the "Seller") has transferred its entire
157,083,634 common shares of Falcon (the "Shares"), representing 16.89% of Falcon's issued and outstanding Shares, to Lamesa
Holdings S.A. (the "Purchaser") for an aggregate consideration of CDN$65,078,745 or CDN$0.4143 per Share. The ultimate
beneficial owner of the Purchaser is the same person that is a beneficiary under a certain discretionary trust arrangement
(pursuant to which the trustee under such trust arrangement holds a legal interest of 90% of all issued and outstanding capital of
the Seller and has complete discretion over management of any trust property and distributions in favour of the trust
beneficiaries).
CONTACT DETAILS:
Falcon Oil & Gas Ltd. |
+353 1 676 8702 |
Joachim Conrad, Chairman |
+353 1 676 8702 |
Philip O'Quigley, CEO |
+353 87 814 7042 |
Anne Flynn |
+353 1 676 8702 |
Davy (NOMAD & Broker) |
|
John Frain / Anthony Farrell |
+353 1 679 6363 |
About Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd is an international oil and gas company engaged in the acquisition, exploration and development of
conventional and unconventional oil and gas assets, with the current portfolio focused in Australia, South Africa and Hungary.
Falcon Oil & Gas Ltd is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland with a technical team based
in Budapest, Hungary.
For further information on Falcon Oil & Gas Ltd. please visit www.falconoilandgas.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.