Arrow Exploration Corp - oil and gas company with projects in Colombia and Canada - Announces the exercise of warrants by its largest shareholders and management. Explains the warrants were issued in conjunction with the fourth quarter 2021 financing and had an exercise price of £0.09 per share. The company’s largest shareholder, Canacol Energy Ltd, has exercised 18.4 million warrants and now holds around 21% of Arrow’s share capital. It intends to hold its current interest. Tim Leslie, has exercised 10.2 million warrants and now holds a 6.3% stake in the company.

Senior management have exercised warrants and have the resulting stakes in Arrow: Chair Gage Jull holds 2.1%, Chief Executive Marshall Abbot 1.9% and Chief Financial Officer Joe McFarlane 2.0%.

Current stock price: 18.65 pence

12-month change: up 5.1%

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