Exercise of Warrants

Source: RNS
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

 

 
                                                                                      

PET - logo_black

 

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

James Bellman

Robert Collins

+44 (0) 20 7409 3494

 

 

 

Novum Securities Limited - Broker 
Colin Rowbury

 

+44 (0) 20 399 9400

 

 


BlytheRay - PR
Megan Ray

+44 (0) 207 138 3206

+44 (0) 207 138 3553

 

 


Teneo

Luke Hogg

Alan Tyrrell

 

 

+353 (0) 1 661 4055

+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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