Samson Oil & Gas Limited (ASX: SSN; NYSE MKT: SSN):
As a result of the shareholder votes at its Annual General Meeting of
shareholders held on October 30th, 2015, Samson is required
by Australian law to hold another shareholder meeting within 90 days. At
this “spill meeting,” the shareholders must consider resolutions to
re-elect non-executive Directors who held office at the time that the
remuneration report for the 2014/15 fiscal year was approved and who
choose to seek re-election as well as the election of any proposed new
directors.
The Directors have determined to hold the spill meeting on Wednesday,
January 27th at 11 am (Perth Western Australia time). While
Samson is an Australian corporation, the listing of its ordinary shares
on the ASX and its ADSs on the NYSE require it to comply with the
securities laws of both jurisdictions. Accordingly, Samson has today
filed with the US Securities and Exchange Commission its Schedule 14A
Proxy Statement, which includes the Australian Notice of General meeting
and Explanatory Memorandum. While the text of these documents is
believed to be complete and accurate, they are subject to amendment
prior to being made available to all Samson shareholders ahead of the
January 27, 2016 meeting.
The SEC filing is available at www.sec.gov
and on the Company’s website, www.samsonoilandgas.com.au.
Samson’s Ordinary Shares are traded on the Australian Securities
Exchange under the symbol "SSN." Samson's American Depository Shares
(ADSs) are traded on the New York Stock Exchange MKT under the symbol
"SSN." Each ADS represents 200 fully paid Ordinary Shares of Samson.
Samson has a total of 2,837 million ordinary shares issued and
outstanding (including 230 million options exercisable at AUD 3.8
cents), which would be the equivalent of 14.185 million ADSs.
Accordingly, based on the NYSE MKT closing price of US$0.59 per ADS on
November 25th, 2015, the Company has a current market
capitalization of approximately US$8.5 million (the options have been
valued at an exchange rate of 0.7265). Correspondingly, based on the ASX
closing price of A$0.004 for ordinary shares and a closing price of
A$0.001 for the 2017 options, on November 25th, 2015, the
Company has a current market capitalization of approximately A$11.5
million.
SAMSON OIL & GAS LIMITED
TERRY BARR
Managing Director
Statements made in this press release that are not historical facts may
be forward-looking statements, including but not limited to statements
using words like “may,” “believe,” “expect,” “anticipate,” “should” or
“will.” Actual results may differ materially from those projected in any
forward-looking statement. There are a number of important factors that
could cause actual results to differ materially from those anticipated
or estimated by any forward-looking information
View source version on businesswire.com: http://www.businesswire.com/news/home/20151125005894/en/
Copyright Business Wire 2015
Source: Business Wire
(November 25, 2015 - 6:00 PM EST)
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