Exercise of warrants

RNS Number : 6149C
Xtract Resources plc
21 June 2021
 

 

For immediate release

21 June 2021

 

Xtract Resources Plc

("Xtract" or the "Company")

Exercise of Warrants

 

Xtract announces that it has received notice to exercise warrants over 2,208,333 ordinary shares of 0.02p each in the Company ("Ordinary Shares") at an exercise price of 1.20p per Ordinary Share ("New Ordinary Shares") and for a further 416,667 ordinary shares at an exercise price of 1.85p per Ordinary share. The proceeds of the exercise will be used for general working capital.

 

The New Ordinary Shares will rank pari passu with the existing Ordinary Shares and application is being made for in aggregate 2,625,000 New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the New Ordinary Shares will commence at 8.00 a.m. on 28 June 2021.

 

Following Admission, the Company will have 845,143,683 ordinary shares in issue with voting rights. Xtract does not currently hold any shares in treasury. Accordingly, this figure of 845,143,683 Ordinary Shares may be used by shareholders in the Company 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 FCA's Disclosure and Transparency Rules.

 

 

Enquiries :

 

Xtract Resources Plc

Colin Bird,

Executive Chairman

 

+44 (0)20 3416 6471

www.xtractresources.com

Beaumont Cornish Limited

Nominated Adviser and Joint Broker

Roland Cornish

Michael Cornish

Felicity Geidt

+44 (0)207628 3369

 

 

Novum Securities Limited

Joint Broker  

 

Jon Belliss

Colin Rowbury 

 

+44 (0) 207 399 9427

www.novumsecurities.com  

 

Further information is available from the Company's   website which details the company's project portfolio as well as a copy of this announcement:  www.xtractresources.com

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation No. 596/2014 on market abuse.   The person who arranged for the release of this announcement on behalf of the Company was Joel Silberstein, Director.

 

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