Business
Warrant Exercise and Extension
Corcel PLC announced the exercise of 50,000,000 warrants at £0.005 per share, raising £250,000 for the company. The company also agreed to extend the expiry date of 116,500,000 warrants, also exercisable at £0.005 per share, from December 12, 2025, to December 12, 2026, and permitted the transfer of 75,000,000 of these extended warrants to investors who exercised warrants. Following admission, the Company's issued share capital will comprise 5,963,458,138 Ordinary shares. Disclaimer*
About this update from Corcel Plc
[{"type":"text","content":"\n\n \nThe information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014, which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n \nCorcel PLC\n(\"Corcel\" or the \"Company\")\n \nWarrant Exercise and Extension, Director's Dealings and TVR\n \n24 September 2025\n \nCorcel Plc (London AIM: CRCL), the Angola-Brazil-focused energy company, announces that it has received notice from Charlestown Energy Partners, certain of the Company's directors, and other private investors of the exercise of 50,000,000 Warrants (the \"Warrants\") at an exercise price of £0.005 per share, raising £250,000 in new funds for the Company at a premium to the prevailing share price.\n \nAt the same time, the Company has agreed to extend the expiry date of a further 116,500,000 warrants, also exercisable at £0.005 per share, originally issued to Shandong New Powder COSMO (\"SNPC\") (the \"Extended Warrants\") from 12 December 2025 to 12 December 2026 and has permitted the transfer of 75,000,000 of the Extended Warrants to the investors who have exercised the Warrants. Corcel director Yan Zhao indirectly owns 48% of SNPC.\n \nScott Gilbert Corcel CEO commented: \"We are very pleased to see investor confidence in the Company being reflected in the exercise of the Warrants at a significant premium to the current share price. We continue to make important progress across our assets and our business development efforts are generating value-enhancing opportunities.\"\n \nSummary: \n \no The 50,000,000 Warrants exercised, which were originally issued on 17 October 2022, have been transferred by SNPC to the incoming investors (including the directors discussed below), who have exercised them immediately resulting in the issuance of 50,000,000 New Ordinary Shares (the \"Warrant Shares\") \no SNPC has also transferred 75,000,000 of the Extended Warrants to those investors\no Scott Gilbert, Executive Director and CEO of Corcel, has participated in the transaction and has exercised 2,000,000 Warrants and has received 3,000,000 of the Extended Warrants...