Xtract Resources plc Application to admission and total voting rights (7803C)
21 October 2020 - 7:50PM
UK Regulatory
TIDMXTR
RNS Number : 7803C
Xtract Resources plc
21 October 2020
For immediate release
21 October 2020
Xtract Resources Plc
("Xtract" or the "Company")
Application to Admission
Total Voting Rights
On 30 September 2020, the Board of Xtract Resources Plc
("Xtract" or the "Company") announced that the Company's Broker,
Novum Securities, had conditionally raised GBP650,000 (before
expenses) following the placement of new Ordinary Shares of 0.02p
each ("Ordinary Shares") at 1.20p ("Placing Price") per new
Ordinary Share (the "Placing"). In addition, the Company announced
that it had agreed to settle a corporate creditor through the
issuance 1,250,000 new ordinary shares at an issue price of 1.20p
per ordinary share (equivalent to fees of GBP15,000) ("Settlement
Shares") and to issue a further 1,250,000 new Ordinary Shares to
the Company's Broker at the placing price of 1.20p in lieu of fees
(" Fee Shares ") .
Application has now been made for admission, on or around 28
October 2020, of the 54,166,666 Placing Shares, the Settlement
Shares and the Fee Shares (together the "New Shares"), in aggregate
amounting to 56,666,666 new Ordinary Shares. The New Shares will
rank pari passu in all respects with the Company's existing issued
ordinary shares.
Total Voting Rights
On Admission of the New Shares, the Company will have
519,465,144 Ordinary Shares in issue with voting rights. Xtract
does not currently hold any shares in treasury. Accordingly, this
figure of 519,465,144 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 FCA's Disclosure Guidance and Transparency
Rules.
Further details are available from the Company's website which
details the company's project portfolio as well as a copy of this
announcement: www.xtractresources.com
This announcement contains inside information for the purposes
of Article 7 of EU Regulation No. 596/2014 on market abuse. The
person who arranged for the release of this announcement on behalf
of the Company was Colin Bird, Director.
Enquiries :
Xtract Resources Plc Colin Bird, +44 (0)20 3416 6471
Executive Chairman www.xtractresources.com
Beaumont Cornish Limited Roland Cornish +44 (0)207628 3396
Nominated Adviser and Michael Cornish www.beaumontcornish.co.uk
Joint Broker Felicity Geidt
Novum Securities Limited Colin Rowbury +44 (0) 207 399 9427
Joint Broker www.novumsecurities.com
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END
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