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Share Name Share Symbol Market Type Share ISIN Share Description
Xtract Resources Plc LSE:XTR London Ordinary Share GB00BYSX2795 ORD 0.02P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.20 -2.94% 6.60 6.50 6.70 6.75 6.35 6.75 1,730,082 15:57:50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.4 -1.1 -0.3 - 49

Xtract Resources plc Issue of Equity

04/03/2021 4:30pm

UK Regulatory (RNS & others)


Xtract Resources (LSE:XTR)
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TIDMXTR

RNS Number : 2424R

Xtract Resources plc

04 March 2021

For immediate release

4 March 2021

Xtract Resources Plc

("Xtract" or the "Company")

Issue of Equity

Xtract announces that it has received notice to exercise warrants over 5,000,000 ordinary shares of 0.02p each in the Company ("Ordinary Shares") at an exercise price of 1.85p per Ordinary Share ("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 5,000,000 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 11 March 2021.

Following Admission, the Company will have 740,679,407 ordinary shares in issue with voting rights. Xtract does not currently hold any shares in treasury. Accordingly, this figure of 740,679,407 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 
 Beaumont Cornish Limited     Roland Cornish        +44 (0)207628 3369 
  Nominated Adviser and        Michael Cornish       www.beaumontcornish.co.uk 
  Joint Broker                 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

This announcement contains inside information for the purposes of Article 7 of EU Regulation No. 596/2014 on market abuse. 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 or visit www.rns.com.

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END

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(END) Dow Jones Newswires

March 04, 2021 11:30 ET (16:30 GMT)

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