January 19, 2017 - 4:50 AM EST
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Ithaca Energy Inc.: Additional Shares Listing

ABERDEEN, SCOTLAND--(Marketwired - Jan 19, 2017) - Ithaca Energy Inc. (TSX: IAE) (AIM: IAE)


Not for Distribution to U.S. Newswire Services or for Dissemination in the United States

Ithaca Energy Inc.

Additional Shares Listing

19 January 2017

Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) ("Ithaca" or the "Company") announces that it has issued an additional 350,000 Common Shares in the Company resulting from the exercise of share options and has applied for these to be admitted to trading on AIM. Admission of the newly issued Common Shares is expected to occur on 25 January 2017. Each new Common Share will rank pari passu with the existing Common Shares.

Following the issue and allotment of the new Common Shares, the Company will have a total of 414,282,372 Common Shares in issue with one voting right per Common Share. There are no Common Shares held in treasury. The total number of voting shares in the Company is therefore 414,282,372. This 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 in their interest in, the share capital of the Company under the UK Financial Conduct Authority's Disclosure and Transparency Rules.

The total number of Common Shares under option is now 23,139,809, representing approximately 5.3% of the total shares outstanding and under option.

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Ithaca Energy        
Graham Forbes   [email protected]   +44 (0)1224 652 151
Richard Smith   [email protected]   +44 (0)1224 652 172
FTI Consulting        
Edward Westropp   [email protected]   +44 (0)203 727 1521
Kim Camilleri   [email protected]   +44 (0)203 727 1349
Cenkos Securities        
Neil McDonald   [email protected]   +44 (0)207 397 1953
Nick Tulloch   [email protected]   +44 (0)131 220 9772
Beth McKiernan   [email protected]   +44 (0)131 220 9778
RBC Capital Markets        
Matthew Coakes   [email protected]   +44 (0)207 653 4000

About Ithaca Energy
Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) is a North Sea oil and gas operator focused on the delivery of lower risk growth through the appraisal and development of UK undeveloped discoveries and the exploitation of its existing UK producing asset portfolio. Ithaca's strategy is centred on generating sustainable long term shareholder value by building a highly profitable 25kboe/d North Sea oil and gas company. For further information please consult the Company's website www.ithacaenergy.com.

Not for Distribution to U.S. Newswire Services or for Dissemination in the United States

[email protected]

Source: Marketwired (Canada) (January 19, 2017 - 4:50 AM EST)

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