LONDON (Alliance News) - Highlands Natural Resources PLC on Thursday said members of the Schrader family have subscribed for 1.0 million new shares in the company at a price of 10 pence each.
The Schrader family owns Schrader Oil Co, the operator of the convenience stores that will shortly be stocking the company's retail cannabidiol products, the natural resources firm explained.
Separately, Highlands said new investors exercised 5.0 million warrants in the company.
Admission of the 6.0 million shares to trading is expected on June 12, following which the firm will have 142.5 million shares.
Highlands Natural Resources shares were trading 3.2% lower at 10.75p each Thursday.