Xcite Energy Limited ("Xcite Energy" or the "Company") Exercise of Share Warrants
24 November 2010 - 6:00PM
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) -- The Company
announces that application has been made for the admission to AIM
("Admission") of 208,932 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 26 November 2010.
Following Admission, the Company's enlarged issued share capital
will comprise 153,647,887 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 153,647,887.
This figure of 153,647,887 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
826740 Arbuthnot Securities Limited (Nomad and Broker)
Antonio Bossi / Richard Johnson Director +44 (0)20 7012 2000
Pelham Bell Pottinger Mark Antelme Director Henry Lerwill
+44 (0) 20 7861 3232 Paradox Public Relations Jean-Francois
Meilleur Consultant +1 514 341 0408
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