Petrel Resources PLC Exercise of Warrants (8032Y)

TIDMPET

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 GBP0.018 per share ("New Shares"), providing gross proceeds of GBP72,000.

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 
  James Bellman 
  Robert Collins                       +44 (0) 20 7409 3494 
 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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END

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January 05, 2024 05:24 ET (10:24 GMT)

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