Exercise of Warrants

Toronto, Ontario (FSCwire) – Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX-V: EOG) the oil and gas exploration company with licenses in highly prospective regions in South America and Africa, announces that it has received an exercise notice for the exercise of warrants over 1,000,000 common shares of no par value ("Common Shares") with an exercise price of 17.6 pence per Common Share, resulting in the Company receiving £176,000.

Application has been made for admission of the 1,000,000 new Common Shares, which will rank pari passu with existing Common shares, to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and trading will commence at 8.00 a.m. on 6 February 2018.

Following Admission, the enlarged issued share capital of the Company will be 156,932,333 Common Shares. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

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http://www.rns-pdf.londonstockexchange.com/rns/5392D_1-2018-1-31.pdf

To view the associated document to this release, please click on the following link:
public://news_release_pdf/ecoatlantic02012018.pdf

To view the original release, please click here

Source: Eco (Atlantic) Oil and Gas Ltd. (TSX Venture:EOG, LSE:ECO, OTC Bulletin Board:ECAOF)

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