Arrow Exploration Corp’s £8.8 Million Funding and AIM Admission

In UK Gowling WLG, advised on the matter.

Gowling WLG advised Arrow Exploration Corp with a team including Charles Bond (Picture – Equity Capital Markets).

The funding was undertaken by way of a placing and subscription for new common shares with new investors, its executive management and Canacol Energy Ltd. In addition, the Company intends to raise up to an additional C$0.5 million by way of a non-brokered private placement in Canada.

Arrow Exploration Corp is a Canadian TSX-V listed company with oil and gas exploration and production assets in Canada and Colombia.

Gowling WLG’s London and Calgary offices collaborated in providing advice to the Company in connection with the dual listing. The transatlantic team involved various members of the firm’s natural resources team, including Canadian partners Stuart Olley and Jay Lalach in Calgary and partner Charles Bond (Picture), director Sue Johnston and trainee Hannah Barnett in the UK .

Involved fees earner: Charles Bond – Gowling WLG; Susan Johnston – Gowling WLG; Jay Lalach – Gowling WLG; Stuart Olley – Gowling WLG;

Law Firms: Gowling WLG;

Clients: Arrow Exploration Corp;

Author: Giulia Di Palma