Xcite Energy Limited ("Xcite Energy" or the "Company") Additional Listing
06 November 2010 - 12:31AM
Marketwired
This Announcement Is Not for Release, Publication
or Distribution in or Into the United States
Xcite Energy (TSX-V: XEL) (LSE: XEL) (AIM: XEL) -- Further to
the announcement released on 4 November 2010 in relation to the
draw down on its Standby Equity Distribution Agreement with YA
Global Master SPV Ltd, the Company announces that an application
has been made for the admission to trading on AIM ("Admission") of
4,549,886 new ordinary shares of no par value (the "New Ordinary
Shares"). The New Ordinary Shares shall rank pari passu with the
Company's existing issued ordinary shares and dealings are expected
to commence on 11 November 2010.
Following Admission, the Company's enlarged issued share capital
will comprise 152,938,955 ordinary shares with one voting right per
share ("Ordinary Shares"). There are no Ordinary Shares held in
treasury. The total number of voting rights in the Company is
therefore 152,938,955.
This figure of 152,938,955 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 +44 (0) 1330
826740 Richard Smith Chief Executive Officer Rupert Cole Chief
Financial Officer Arbuthnot Securities Limited +44 (0)20
7012 2000 (Nomad and Broker) Antonio Bossi / Richard Johnson
Director Pelham Bell Pottinger +44 (0) 20 7861 3232 Mark
Antelme Director Henry Lerwill Paradox Public Relations +1
514 341 0408 Jean-Francois Meilleur Consultant
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