Xtract Resources plc Exercise of warrants (4921Z)
May 21 2021 - 10:15AM
UK Regulatory
TIDMXTR
RNS Number : 4921Z
Xtract Resources plc
21 May 2021
For immediate release
21 May 2021
Xtract Resources Plc
("Xtract" or the "Company")
Exercise of Warrants
Xtract announces that it has received notice to exercise
warrants over 1,625,000 ordinary shares of 0.02p each in the
Company ("Ordinary Shares") at an exercise price of 1.20p per
Ordinary Share ("New Ordinary Shares"). 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 1,625,000 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 May
2021.
Following Admission, the Company will have 842,518,683 ordinary
shares in issue with voting rights. Xtract does not currently hold
any shares in treasury. Accordingly, this figure of 842,518,683
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, +44 (0)20 3416 6471
Executive Chairman www.xtractresources.com
Beaumont Cornish Limited Roland Cornish +44 (0)207628 3369
Nominated Adviser and Michael Cornish www.beaumontcornish.co.uk
Joint Broker Felicity Geidt
Novum Securities Limited Jon Belliss +44 (0) 207 399 9427
Joint Broker Colin Rowbury 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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END
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