Xcite Energy Limited ("Xcite Energy" or the "Company") Exercise of Share Warrants
28 October 2010 - 5:09AM
Marketwired
This Announcement Is Not for Release, Publication or Distribution
in or Into the United States
The Company, Xcite Energy (TSX-V: XEL) (LSE: XEL) (AIM: XEL),
announces that application has been made for the admission to AIM
("Admission") of 317,100 new ordinary shares without par value in
the Company ("Ordinary Shares"), pursuant to the exercise of
warrants. The new Ordinary Shares shall rank pari passu with the
Company's existing issued Ordinary Shares and dealings are expected
to commence on 1 November 2010.
Following Admission, the Company's enlarged issued share capital
will comprise 148,389,069 Ordinary Shares with one voting right per
share. There are no shares held in treasury. The total number of
voting rights in the Company is therefore 148,389,069.
This figure of 148,389,069 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 FSA's Disclosure and Transparency Rules.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
ENQUIRIES: Xcite Energy Limited Richard Smith Chief Executive
Officer Rupert Cole Chief Financial Officer +44 (0) 1330 826 740
Arbuthnot Securities Limited (Nomad and Broker) Antonio Bossi /
Richard Johnson Director +44 (0) 20 7012 2000 Pelham Bell Pottinger
Mark Antelme Henry Lerwill Director +44 (0) 20 7861 3232 Paradox
Public Relations Jean-Francois Meilleur Consultant +1 514 341
0408
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