TIDMPGR

RNS Number : 2772Y

Phoenix Global Resources PLC

05 December 2017

5 December 2017

Phoenix Global Resources plc

("Phoenix" or the "Company")

Exercise of Warrants

The Board of Phoenix (AIM: PGR; BCBA: PGR) announces that it has received notice from a warrant holder to exercise warrants to subscribe for 1,200,000 ordinary shares of 10 pence each (the "Shares") at a price of 43 pence per share.

The Company has received GBP516,000 and application has been made for admission of the Shares to trading on AIM and dealings in the Shares are expected to commence at 8.00 a.m. on 6 December 2017. The Shares will rank pari passu with the Company's existing issued ordinary shares.

Total Voting Rights

Following Admission of the 1,200,000 Shares, the total number of shares in issue will be 2,534,142,512. The Company does not hold any Shares in treasury. This figure 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 to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Ends

Enquiries:

 
 Phoenix Global          Anuj Sharma,       T: +54 11 5258 
  Resources plc           CEO                7500 
                          Philip Wolfe,      T: +44 (0) 207 
                          CFO                839 4974 
  Stockdale Securities    Antonio Bossi      T: +44 (0) 207 
                           Ed Thomas          601 6100 
  Panmure Gordon          Adam James         T: +44 (0) 207 
                           Atholl Tweedie     886 2500 
  Camarco                 Billy Clegg        T: +44 (0) 203 
                           Gordon Poole       757 4980 
                           James Crothers

About Phoenix:

Phoenix Global Resources is a London Stock Exchange (AIM: PGR) and Buenos Aires Stock Exchange (BCBA: PGR) listed independent Argentina focused oil and gas exploration and production company. The Company has over 6.3 million licensed working interest acres in Argentina (of which over 5 million are operated), 61.7 million boe of working interest 2P reserves and average production of approximately 11,300 working interest boepd in 2016. Phoenix has significant exposure to the unconventional opportunity in Argentina through its 480,000 working interest acres with Vaca Muerta potential.

The Company's website is www.phoenixglobalresources.com

This information is provided by RNS

The company news service from the London Stock Exchange

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