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(Sharecast News) - Ascent Resources has now settled the first ?50,000 from its 'relevant investor', as announced on 8 April, and as a result has issued one million ordinary shares at a price of 5p each, it said on Wednesday.
The AIM-traded company said the investor had confirmed that the balance of ?150,000 would be settled in May.
It also announced that a further 91,167 ordinary shares were being issued as a result of the acquisition of Trameta - a company which owned access to a key section of pipeline in Slovenia - as announced on 1 August 2016.
The firm's previous board agreed that future contingent payment was required if certain production targets were met in Slovenia.
Ascent said that was the final payment, and no further contingent consideration shares were now due.
"Application for admission to trading on AIM for the newly-issued had been made, and admission was expected to take place on or around 5 May," the board said in its statement.
At 1618 BST, shares in Ascent Resources were up 20% at 3p.
1 Jun 2022 16:04
UK shareholder meetings calendar - next 7 days
| Thursday 2 June | |
| Clontarf Energy PLC | GM re issue of new shares |
| HealthBeacon PLC | AGM |
| Friday 3 June | |
| no events scheduled | |
| Monday 6 June | |
| Alphawave IP Group PLC | AGM |
| Minoan Group PLC | AGM |
| Omega Diagnostics Group PLC | AGM |
| Sensyne Health PLC | GM re strategic financing |
| Tuesday 7 June | |
| Animalcare Group PLC | AGM |
| Arix Bioscience PLC | AGM |
| Centrica PLC | AGM |
| Integrated Diagnostics Holdings PLC | AGM |
| Kooth PLC | AGM |
| Ondine Biomedical Inc | AGM |
| Osirium Technologies PLC | AGM |
| SpaceandPeople PLC | AGM |
| TruFin PLC | AGM |
| Wednesday 8 June | |
| Ascent Resources PLC | AGM |
| Cambridge Cognition Holdings PLC | AGM |
| City Pub Group PLC | AGM |
| DP Eurasia NV | AGM |
| Gem Diamonds Ltd | AGM |
| Hiro Metaverse Acquisitions I SA | AGM |
| Itaconix PLC | AGM |
| M&G Credit Income Investment Trust PLC | AGM |
| Nostrum Oil & Gas PLC | AGM |
| Parity Group PLC | AGM |
| Petards Group PLC | AGM |
| Safestyle UK PLC | AGM |
| Savannah Resources PLC | AGM |
| Third Point Investors Ltd | AGM |
| Woodbois Ltd | AGM |
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