ECHO Echo Energy Plc

TIDMIRG

RNS Number : 4789A

Independent Resources PLC

24 March 2017

FOR IMMEDIATE RELEASE

Independent Resources plc

("IRG" or the "Company")

Warrant Exercise and Total Voting Rights

Warrant Exercise

The Company announces that it has received exercise notices from certain of its warrant holders to exercise 16,666,666 warrants into new ordinary shares of 0.01p each in the Company ("New Ordinary Shares") as per the table below:

 
 Exercise   No. of warrants 
  price      being exercised 
---------  ----------------- 
 0.12p      16,666,666 
---------  ----------------- 
 Total:     16,666,666 
---------  ----------------- 
 

The total consideration received by the Company pursuant to the warrant exercise will be GBP20,000.00.

Application will be made for the 16,666,666 New Ordinary Shares, which will rank pari passu with the existing ordinary shares, to be admitted to trading on AIM ("Admission"). Admission is expected to occur on 30 March 2017.

Following Admission, the total number of voting rights in the Company will be 3,901,086,881 ordinary shares. This number 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 to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

For more information, please visit www.ir-plc.com or contact:

 
James Parsons            Echo Energy plc         j.parsons@echoenergyplc.com 
 Greg Coleman             Echo Energy plc         g.coleman@echoenergyplc.com 
                         ZAI Corporate Finance 
John Treacy               Ltd.                   020 7060 2220 
  Jamie Spotswood           (Nominated Adviser) 
Oliver Stansfield         Brandon Hill Capital 
 Jonathan Evans            (Broker)              020 3463 5000 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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