REG - Upland Resources Ltd - Issue of New Ordinary Shares

Upland ResourcesAnnouncement

14/05/2024 13:30

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RNS Number : 3958O  Upland Resources Limited  14 May 2024

Upland Resources Limited

14 May 2024

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.

 

14 May 2024

UPLAND RESOURCES LIMITED

("Upland" or the "Company")

Issue of New Ordinary Shares

 

Upland Resources Limited (LSE: UPL) is pleased to announce that following the
announcement on 26 April 2024 in respect of a placing which has raised gross
proceeds of US$4 million at a price of 3.3 pence per new ordinary share
("Placing"), the Company is pleased to announce that it has applied for the
admission of 96,927,000 new ordinary shares in respect of the Placing.
Admission of the 96,927,000 ordinary shares to the Official List (standard
listing segment) and to trading on the London Stock Exchange is expected on or
around 16 May 2024 ("Admission"). The Company is pleased to attract new
institutional shareholders through the Placing and intends to use the funds to
support the long term aims of the Company.

On Admission of the 96,927,000 ordinary shares, the Company's total number of
ordinary shares in issue will be 1,308,358,069. The figure 1,308,358,069 will
represent the total voting rights in the Company and 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.

 

For further information, please contact:

 Upland Resources Limited              Tel: +60 198  861919

 Bolhassan Di                          bolhassan@upland.energy (mailto:bolhassan@upland.energy)

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

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

                                       www.upland.energy (http://www.upland.energy)
 Optiva Securities - Joint Broker      Tel:  +44 (0)20 3137 1903

                                     christian.dennis@optivasecurities.com
 Christian Dennis                      (mailto:christian.dennis@optivasecurities.com)

                                       www.optivasecurities.com (http://www.optivasecurities.com/)
 OAK Securities - Joint Broker         Tel: +44 (0)20 3973 3678

 Jerry Keen                            Jerry.keen@oak-securities.com (mailto:Jerry.keen@oak-securities.com)

 Henry Clarke                          Henry.clarke@oak-securities.com (mailto:Henry.clarke@oak-securities.com)

                                       www.oak-securities.com

 

OAK Securities is a Corporate Broker in the UK specialising in the natural
resources sector. The cornerstone investment was made by a Principle of OAK
Securities.

OAK Securities is a trading name of Merlin Partners LLP OC317265. Merlin
Partners is Authorised and Regulated by the Financial Conduct Authority:
449191.

Registered Office: 90 Jermyn Street, London SW1Y 6JD, United Kingdom.

 

**ENDS**

 

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