Cluff Natural Resources plc Results of General Meeting (7325U)
26 October 2017 - 10:30PM
UK Regulatory
TIDMCLNR
RNS Number : 7325U
Cluff Natural Resources plc
26 October 2017
26 October 2017
Cluff Natural Resources Plc / Index: AIM / Epic: CLNR / Sector:
Natural Resources
Cluff Natural Resources Plc ('CNR' or 'the Company')
Result of General Meeting
Cluff Natural Resources Plc, the AIM quoted natural resources
investing company, is pleased to announce that all resolutions
proposed at the General Meeting of the Company held today were duly
passed. This follows the announcement made on 6 October 2017
relating to the subscription to raise GBP1 million.
Application has been made for 25,000,000 ordinary shares
("Second Tranche Shares"), which will rank pari passu with the
existing ordinary shares in the Company, to be admitted to trading
on AIM ("Admission"). Admission in respect of the Second Tranche
Shares is expected to occur at 8.00 a.m. on 27 October 2017. The
Company does not hold any ordinary shares in treasury and following
Admission the total number of voting rights in the Company will be
396,060,199 ordinary shares. This number (396,060,199) 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 a change to their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Commenting CNR's Chairman and Chief Executive Algy Cluff
said:
"We are pleased to have raised these additional funds which will
allow the Company to fully participate in the current UK Offshore
Licencing Round, to continue to pursue additional investment
opportunities and to allow time to complete a farm out of the
Company's 100% owned licences in the Southern North Sea. Our
absolute priority remains the creation of value for shareholders by
securing the investment required to drill one or more wells on our
licences which we believe to be highly valuable and strategic
assets."
**ENDS**
For further information please contact the following:
Cluff Natural Resources Tel: +44 (0) 20 7887
Plc 2630
Algy Cluff / Graham Swindells
/ Andrew Nunn
Allenby Capital Limited (Nominated Tel: +44 (0) 20 3328
Adviser & Broker) 5656
David Hart / Alex Brearley / Asha
Chotai (Corporate Finance)
Chris Crawford / Katrina Perez
(Corporate Broking)
St Brides Partners Ltd Tel: +44 (0) 20 7236
1177
Lottie Wadham / Frank Buhagiar
(Financial PR)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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