REG - Xtract Resources plc - Exercise of warrants

Xtract ResourcesAnnouncement

22/04/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220422:nRSV9745Ia&default-theme=true

RNS Number : 9745I  Xtract Resources plc  22 April 2022

 

For immediate release

22 April 2022

 

Xtract Resources Plc

("Xtract" or the "Company")

Exercise of Warrants

 

Xtract announces that it has received a broker warrant exercise notice in
respect of 4,416,665 ordinary shares of 0.02p each in the Company at an
exercise price of 1.20p per Ordinary Share, and a further 833,333 Ordinary
Shares at an exercise price of 1.85p per Ordinary Share, in aggregate amount
to 5,249,998 Ordinary Shares ("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 5,249,998 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 or around 28 April 2022.

 

Following Admission, the Company will have 850,393,691 ordinary shares in
issue with voting rights. Xtract does not currently hold any shares in
treasury. Accordingly, this figure of 850,393,691 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 (http://www.xtractresources.com)

 Beaumont Cornish Limited                           Roland Cornish       +44 (0)207628 3369

 Nominated Adviser and Joint Broker                 Michael Cornish      www.beaumontcornish.co.uk (http://www.beaumontcornish.co.uk)

                                                    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

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the
European Union (Withdrawal) Act 2018 ("UK MAR"). The person who arranged for
the release of this announcement on behalf of the Company was Joel
Silberstein, Director.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCIBMRTMTATBLT