NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
TSX-V, LSE-AIM: XEL
15 June 2012
Xcite Energy Limited ("Xcite Energy" or the "Company")
Additional Listing and Total Voting Rights
Further to the announcement in relation to the draw down on the Equity Line Agreement issued on 13 June 2012, the Company announces that it has received initial approval of the share issue by the TSX Venture Exchange and it has therefore made an application for the admission to AIM ("Admission") of 2,584,693 ordinary shares of no par value in the capital of the Company (the "New Ordinary Shares").
The New Ordinary Shares shall rank pari passu with the Company's existing issued ordinary shares of no par value ("Ordinary Shares") and dealings are expected to commence on 20 June 2012.
Following Admission, the Company's enlarged issued share capital will comprise 258,278,323 Ordinary Shares with one voting right per share.There are no shares held in treasury.The total number of voting rights in the Company is therefore 258,278,323.
This figure of 258,278,323 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 FSA's Disclosure and Transparency Rules. ENQUIRIES: Xcite Energy Limited +44 (0) 1483 549 063 Richard Smith Chief Executive Officer Rupert Cole Chief Financial Officer
Oriel Securities (Joint Broker and Nomad) +44 (0) 20 7710 7600 Emma Griffin Partner Michael Shaw Partner
Morgan Stanley (Joint Broker) +44 (0) 207 425 8000 Andrew Foster Managing Director
Pelham Bell Pottinger +44 (0) 20 7861 3232 Mark Antelme Director Henry Lerwill Account Director
Paradox Public Relations +1 514 341 0408 Jean-Francois Meilleur Consultant
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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