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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Upland Resources Limited | LSE:UPL | London | Ordinary Share | JE00BJXN4P16 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.225 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 0 | -494k | -0.0007 | -46.00 | 22.11M |
TIDMUPL
RNS Number : 8520P
Upland Resources Limited
12 October 2023
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.
12 October 2023
UPLAND RESOURCES LIMITED
("Upland" or the "Company")
Exercise of Warrants and Subscription
Upland Resources Limited (LSE: UPL) is pleased to announce that it has received an exercise notice to exercise 61,640,000 warrants that were issued on 27 October 2022.
Additionally, we are pleased to announce the Company has placed 9.8m shares with a strategic partner at 2.05p
This warrant exercise and subscription will generate proceeds of GBP447,460
Bolhassan Di, Upland Chairman and CEO commented:
"The interest and support we are receiving from various corners is very encouraging, it validates our strategy and affords the Company the option to choose the strategic investors who we think are important to our success in the longer term. These alongside recent exercises further strengthen our existing cash position into 2024."
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 1,189,597,741. 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 gerry.murray@upland.energy Optiva Securities - Broker Tel: +44 (0)20 3137 1903 Christian Dennis christian.dennis@optivasecurities.com (Corporate Broker) www.optivasecurities.com ---------------------------------------
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END
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(END) Dow Jones Newswires
October 12, 2023 02:00 ET (06:00 GMT)
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