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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:
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Petrel Resources |
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+353 (0) 1 833 2833 |
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David Horgan, Chairman John Teeling ,Director |
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Strand Hanson Limited- Nominated & Financial Adviser |
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Richard Johnson James Bellman Robert Collins |
+44 (0) 20 7409 3494 |
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Novum Securities Limited - Broker |
+44 (0) 20 399 9400 |
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BlytheRay - PR |
+44 (0) 207 138 3206 +44 (0) 207 138 3553 |
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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.