NOT FOR RELEASE, PUBLICATION
OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES,
AUSTRALIA, CANADA OR JAPAN
This announcement is not an offer
for sale, or a solicitation of an offer to acquire, securities in
any jurisdiction, including in or into the United States, Canada,
Australia, or Japan. Neither this announcement nor any part
of it shall form the basis of or be relied on in connection with or
act as an inducement to enter into
any contract or commitment whatsoever.
3 March 2025
UPLAND RESOURCES
LIMITED
("Upland" or the
"Company")
Expiration of
Warrants
Upland Resources Limited (LSE: UPL) is pleased to announce that, further to its RNS dated 28
February 2025 and prior to closing on Friday, it received exercise
notices for an additional 4,166,667 warrants, which were issued on
28 February 2023. These exercises bring the total number of
warrants exercised to 51,152,777.
The warrant exercises have generated
gross proceeds of £613,833.
In light of the trading restrictions
that apply during closed
periods, the Company has resolved to extend the exercise
period for warrants held by officers and directors. The extension,
which applies for an additional six months, pertains to a total of
7,979,167 warrants.
All other remaining warrants have now
expired.
Bolhassan Di, Upland Chairman and CEO
commented:
"We appreciate the continued support
from shareholders, this alongside recent raises ensure the company
maintains a strong cash position throughout 2025."
Admission
Admission of new Ordinary Shares to
the Official List (standard listing segment) and to trading on the
London Stock Exchange's Main Market is expected within 7 days from
the date of submission of the listing application.
Total voting rights
Following the warrant exercise, the
Company's total number of Ordinary Shares in issue will be
1,420,958,048. This figure may be used by
shareholders as the denominator for the calculation to determine if
they are required to notify the Company of their interest in, or a
change to their interest in, the Company's securities in accordance
with the FCA's Disclosure and Transparency Rules.
**ENDS**
For
further information, please contact:
