Phoenix Global Resources PLC Exercise of Warrants (6097Y)
December 07 2017 - 1:00AM
UK Regulatory
TIDMPGR
RNS Number : 6097Y
Phoenix Global Resources PLC
07 December 2017
7 December 2017
Phoenix Global Resources plc
("Phoenix" or the "Company")
Exercise of Warrants
The Board of Phoenix (AIM: PGR; BCBA: PGR) announces that it has
received notices from warrant holders to exercise warrants to
subscribe for 750,000 ordinary shares of 10 pence each (the
"Shares") at a price of 43 pence per share and 2,285,714 Shares at
a price of 26 pence per share.
The Company has received GBP916,786 and application has been
made for admission of the Shares to trading on AIM and dealings in
the Shares are expected to commence at 8.00 a.m. on 8 December
2017. The Shares will rank pari passu with the Company's existing
issued ordinary shares.
Total Voting Rights
Following Admission of the 3,035,714 Shares, the total number of
shares in issue will be 2,537,178,226. The Company does not hold
any Shares in treasury. This figure 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 to their interest in, the share capital of the Company
under the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.
Ends
Enquiries:
Phoenix Global Anuj Sharma, T: +54 11 5258
Resources plc CEO 7500
Philip Wolfe, T: +44 (0) 207
CFO 839 4974
Stockdale Securities Antonio Bossi T: +44 (0) 207
Ed Thomas 601 6100
Panmure Gordon Adam James T: +44 (0) 207
Atholl Tweedie 886 2500
Camarco Billy Clegg T: +44 (0) 203
Gordon Poole 757 4980
James Crothers
About Phoenix:
Phoenix Global Resources is a London Stock Exchange (AIM: PGR)
and Buenos Aires Stock Exchange (BCBA: PGR) listed independent
Argentina focused oil and gas exploration and production company.
The Company has over 6.3 million licensed working interest acres in
Argentina (of which over 5 million are operated), 61.7 million boe
of working interest 2P reserves and average production of
approximately 11,300 working interest boepd in 2016. Phoenix has
significant exposure to the unconventional opportunity in Argentina
through its 480,000 working interest acres with Vaca Muerta
potential.
The Company's website is www.phoenixglobalresources.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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