Xtract Resources plc Exercise of Warrants (8582T)
October 17 2017 - 9:42AM
UK Regulatory
TIDMXTR
RNS Number : 8582T
Xtract Resources plc
17 October 2017
For immediate release 17 October 2017
Xtract Resources Plc
("Xtract" or "the Company")
Exercise of Warrants
Xtract announces that it has received notice to exercise
warrants over 7,647,059 ordinary shares of 0.02p each in the
Company ("Ordinary Shares") at an exercise price of 1.7p per
Ordinary Share. Accordingly, the Company has issued, 7,647,059 new
Ordinary Shares in settlement of this exercise (the "Warrant
Exercise").
The new Ordinary Shares will rank pari passu with the existing
Ordinary Shares and application has been made for the 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 24 October
2017.
Following the Warrant Exercise and Admission, the Company will
have 284,126,645 ordinary shares in issue with voting rights.
Xtract does not currently hold any shares in treasury. Accordingly,
this figure of 284,126,645 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 Colin Bird, Executive +44 (0)20 3416
Plc Chairman 6471
Michael Cornish
Roland Cornish +44 (0)207628
Beaumont Cornish Felicity Geidt 3369
Email: corpfin@b-cornish.co.uk
+44 (0)207
Beaufort Securities Jon Belliss 382 8300
This information is provided by RNS
The company news service from the London Stock Exchange
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October 17, 2017 10:42 ET (14:42 GMT)
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