Xcite Energy Limited ("Xcite Energy" or the "Company") Exercise of Share Warrants
22 March 2011 - 6:00PM
Marketwired
This Announcement Is Not for Release, Publication or Distribution
in or Into The United States.
Xcite Energy Limited ("Xcite Energy" or the "Company") (TSX-V:
XEL) (LSE: XEL) (AIM: XEL) -- The Company announces that
application has been made for the admission to AIM ("Admission") of
18,225 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 25
March 2011.
Following Admission, the Company's enlarged issued share capital
will comprise 161,643,899 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 161,643,899.
This figure of 161,643,899 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)
1483 549 063 Arbuthnot Securities Limited (Nomad and Broker)
Antonio Bossi 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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