REG - Upland Resources Ltd - Warrants Exercise

Upland ResourcesAnnouncement

28/02/2025 13:45

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RNS Number : 9363Y  Upland Resources Limited  28 February 2025

 

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.

 

28 February 2025

 

 

UPLAND RESOURCES LIMITED

("Upland" or the "Company")

 

Exercise of Warrants

 

Upland Resources Limited (LSE: UPL) is pleased to announce that further to its
RNS on 24 February 2025 it has received exercise notices to exercise a further
22,402,778 warrants that were issued on 28 February 2023 taking the total to
46,986,110 warrants.

Warrant exercises have generated proceeds of £563,833

 

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 1,416,791,381. 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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