Upland Resources Limited Warrant Exercise -- Big Oil Ventures (2171N)
21 Septembre 2023 - 11:00AM
UK Regulatory
TIDMUPL
RNS Number : 2171N
Upland Resources Limited
21 September 2023
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
This announcement is not an offer for sale, or a solicitation of
an offer to acquire, securities in any jurisdiction, including in
or into the United States, Canada, Australia, or Japan. Neither
this announcement nor any part of it shall form the basis of or be
relied on in connection with or act as an inducement to enter into
any contract or commitment whatsoever.
21 September 2023
UPLAND RESOURCES LIMITED
("Upland" or the "Company")
Exercise of Warrants - Big Oil Ventures
Upland Resources Limited (LSE: UPL) is pleased to announce that
it has received an exercise notice from its partner in Sarawak, Big
Oil Ventures SDN BHD, to exercise 6,888,888 warrants that were
issued in conjunction with the Company's prospectus published on 23
February 2023.
This warrant exercise has raised gross proceeds of
GBP82,666.65.
Bolhassan Di, Upland Chairman and CEO commented:
"We are very pleased to see our partners increasing their
shareholding in Upland Resources. We regard this as a strong
validation of our progress to date in Sarawak."
Admission
An application has been made for the admission of 6,888,888 new
Ordinary Shares to the Official List (standard listing segment) and
to trading on the London Stock Exchange's Main Market, which is
expected to occur on 29 September 2023.
Total voting rights
Following the Warrant Exercise, the Company's total number of
Ordinary Shares in issue will be 1,108,157,741. This figure may be
used by shareholders as the denominator for the calculation to
determine if they are required to notify the Company of their
interest in, or a change to their interest in, the Company's
securities in accordance with the FCA's Disclosure and Transparency
Rules.
**ENDS**
For further information, please contact:
Upland Resources Limited Tel: +60 198 861 919
Bolhassan Di, Chairman and CEO bolhassan@uplandbigoil.com.my
gerry.murray@upland.energy
Optiva Securities - Broker Tel: +44 (0)20 3137 1903
Christian Dennis christian.dennis@optivasecurities.com
(Corporate Broker) www.optivasecurities.com
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END
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