FOR IMMEDIATE PUBLICATION – Thursday 17 August 2017
The Bahamas International Securities Exchange (BISX) is pleased to announce that the Oil & Gas Opportunity Lending Fund Ltd. (the Fund) has successfully completed the BISX Mutual Fund Listing Process. As a result, the Fund’s shares have now been added to the roster of funds listed on the Exchange. The Oil & Gas Opportunity Lending Fund Ltd. is an open-ended mutual fund.
Oil & Gas Opportunity Lending Fund Ltd. is incorporated as an International Business Company under the laws of the Commonwealth of The Bahamas and was restructured as a Segregated Accounts Company as defined in the Segregated Accounts Companies Act, 2004.
In speaking of the Listing, Ivan Hopper, Chief Executive Officer of The Winterbotham Trust Company Limited stated: “We are pleased to have sponsored the listing of the Oil & Gas Opportunity Lending Fund Ltd., an institutional fund focusing in the provision of financing to exploration, drilling, refining, and processing services companies in emerging markets with a particular emphasis in Latin-America. As the largest Fund Administrator by number of funds in The Bahamas, listing has become a key component of our offering. Listing with BISX is a key enhancer to this offering and our ability to attract funds to The Bahamas¨.
BISX Chief Executive Officer, Keith Davies, commented on the listing of the Oil & Gas Opportunity Lending Fund Ltd. “Our mutual fund facility remains a fast growing product line of the Exchange. We are proud to partner with the Winterbotham Trust Company Limited and all of our Sponsor Members to offer this value added service to their clients.”
The Winterbotham Trust Company Limited served as the BISX Sponsor Member that brought the Oil & Gas Opportunity Lending Fund Ltd. to the Exchange. OGOL Management Services Ltd. is the Investment Manager and The Winterbotham Trust Company Limited served has been appointed to serve as the Administrator of the Fund.
NOTE: Attached to this Press Release is the BISX Formal Trading Notice for Oil & Gas Opportunity Lending Fund Ltd. This notice advises the public of the security to be listed on the Exchange and the trading symbol of the listed security.