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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
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 +44 (0) 20 7409 3494
James Bellman
Robert Collins
Novum Securities Limited - Broker
Colin Rowbury
+44 (0) 20 399 9400
BlytheRay - PR +44 (0) 207 138 3206
Megan Ray
+44 (0) 207 138 3553
Teneo
Luke Hogg +353 (0) 1 661 4055
Alan Tyrrell +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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