REG - Petrel Resources PLC - Exercise of Warrants

Petrel ResourcesAnnouncement

05/01/2024 10:30

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RNS Number : 8032Y  Petrel Resources PLC  05 January 2024

 

 162 Clontarf Road

Dublin 3,
 D03 F6T0
 Ireland

Tel: +353 1 833 2833

 Fax: +353 1 833 3505

 info@petrelresources.com

 www.petrelresources.com

 

 

 

5 January 2024

 

Petrel Resources plc

("Petrel" or "the Company")

 

Exercise of Warrants

 

Petrel announces that, pursuant to the receipt of warrant exercise notices, it
has issued 4,000,000 new ordinary shares of EUR0.0125 each ("Ordinary Shares")
at the exercise price of £0.018 per share ("New Shares"), providing gross
proceeds of £72,000.

 

 

 

Admission and Total Voting Rights

 

An application will be made for the admission of the New Shares, which will
rank pari passu with the existing ordinary shares in issue, to trading on AIM
which is expected to occur on or around 11 January 2024 ("Admission").

 

Following Admission, there will be a total of 183,871,800 ordinary shares in
issue with each ordinary share carrying the right to one vote.  This figure
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
change to their interest in, the Company under the FCA's Disclosure and
Transparency Rules.

 

 

ENDS

 

For further information please visit http://www.petrelresources.com/ or
contact:

 

 Petrel Resources
                                         +353 (0) 1 833 2833
 David Horgan, Chairman

 John Teeling ,Director

 Strand Hanson Limited- Nominated &

 Financial Adviser
 Richard Johnson                         +44 (0) 20 7409 3494

 James Bellman

 Robert Collins

 Novum Securities Limited - Broker

Colin Rowbury

                                         +44 (0) 20 399 9400

 BlytheRay - PR                          +44 (0) 207 138 3206

Megan Ray

                                         +44 (0) 207 138 3553

 Teneo

 Luke Hogg                               +353 (0) 1 661 4055

 Alan Tyrrell                            +353 (0) 1 661 4055

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018.

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