The Board of TXO has issued and allotted 5,000,000 new Ordinary Shares of 0.1p each at a price of 0.5p per Ordinary Share following receipt of a form of notice of exercise of warrants. The funds received by the Company on exercise of the warrants totalled £25,000.
The new Ordinary Shares will rank, pari passu, with the existing ordinary shares. Application has been made for these new Ordinary Shares to be admitted to trading on AIM and admission is expected to take place on or around 5 January 2012.
This brings the total number of Ordinary Shares in the Company with voting rights to 416,835,913.
For further information, please contact:
Tim Baldwin, Chairman +44 (0) 771 287 2820
Beaumont Cornish Limited
Roland Cornish and James Biddle +44 (0) 20 7628 3396
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