REG - Upland Resources Ltd - Expiration of Warrants

Upland ResourcesAnnouncement

03/03/2025 07:15

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RNS Number : 0025Z  Upland Resources Limited  03 March 2025

 

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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:

 

 Upland Resources Limited         Tel: +60 198 861 919

 Bolhassan Di, Chairman and CEO   bolhassan@uplandbigoil.com.my (mailto:bolhassan@uplandbigoil.com.my)

 Gerard Murray COO                gerry.murray@upland.energy (mailto:gerry.murray@upland.energy)

 

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