Member Info for jimmy2011

also, any one getting in know is 100% ish before warrents hit.

correct me if im wrong, but, the placeing @ 0.6 was in massive demand and upl could of took up to £3mill, if wanted but was happy with the £ 1.7m, so , any one who missed out and missed out on the warrents ( exerciseable in 2 years ) can still buy on open market up to 0.8 with a return of 50% before warrents come into play, hmmmm
sounds good to me.
gla
bring on 28th. this is a no brainer.

im with you on this one, its a sell,
both boil and vast have been pumped and dumped,( aimop) i sold in both, (75%) in each and invested most in upl.
i am still a holder so hope im wrong for lth, as ive made my doe and now on free run.
gla

0.72 flying

looks like AP has given the zim authorities anough time to load up, its OUR TURN.
gla

buys flying in @0.65

do i smell a leaky leaky ?
gla

yes totally agree, but for how long?
looks like there may be tears over on boil, as the twitter crew are invovled, i have a smallish holding there, finger hovering over sell button to top here, the safe option.
am i correct in saying the nomernee took there fee in warrents not cashable till warrent price 1.2.
if so,
thats confidence.
gla

full ask being paid,a lot sat on fence, will not take much to turn this blue.
gla

well done upl,
the demand was exceptionally high,
fully funded ,
fantastic.
gla.

considering the market today,
holding quite well.
gla

another little top up, building nicly, buy on dips, expect possible in the mid 0.70 finish.
almop. gla

The Company is also in discussions with other investors concerning the purchase of shares on the same terms ("Financing"). The Company is unable to apply for admission to the Official List for the Subscription shares before it has published an FCA-approved prospectus.



The Company has submitted a prospectus to the FCA for approval ("Prospectus") and believes the Prospectus is close to approval but there are no guarantees that it will be approved. The Subscription is conditional on the Prospectus being published. Additionally, BOV has committed to invest USD 150,000 in the Subscription conditional on the publication of the Prospectus.
cornerstone payed 10% over sp on the day of rns, roughly 0.5ish, so , more investment @ at 0.7ish + 10% with simular deal takes us in the 0.8 ish.
gla

just got a few little top ups in this am. this has legs today, another +10%
gla

sorry for small ramp folks, but sure the most in boil are also in upl,
back to boil, be happy to see open s/p finish on todays tradeing, then onwards and upwards ,
gla

warrents @ 1/2 price once hit 1.20, is confidence in any book.
gla

this is how a company grows, with investers in mind,
20 February 2023

UPLAND RESOURCES LIMITED

("Upland" or the "Company")

SUBSCRIPTION BY CORNERSTONE INVESTORS

The Company is pleased to announce that it has obtained conditional commitments to subscribe for 208,333,333 shares in the Company at 0.60p per share ("Subscription") on the basis that the investors will receive a warrant to purchase one share for every two shares held at a price of 1.20p. These warrants would be exercisable for a period of 2 years from issue. The Subscription would raise gross cash proceeds of GBP1,250,000. The Company is also in discussions with other investors concerning the purchase of shares on the same terms ("Financing"). The Company is unable to apply for admission to the Official List for the Subscription shares before it has published an FCA-approved prospectus.

The Company has submitted a prospectus to the FCA for approval ("Prospectus") and believes the Prospectus is close to approval but there are no guarantees that it will be approved. The Subscription is conditional on the Prospectus being published. If the Prospectus is published and the Subscription proceeds, the Company intends to invest the monies raised in the Company's activities in Sarawak. In particular the Company is also pleased to announce that its wholly-owned subsidiary, Upland Resources (Sarawak) Sdn Bhd ("UPS"), has entered an agreement with Big Oil Ventures Sdn Bhd ("BOV") to increase its interest in the Sarawak joint venture from 20% to 45%. The partners BOV and UPS through joint venture company Upland Big Oil Ventures Sdn Bhd ("UBO") are completing a Joint Technical Study of license SK334 in Sarawak for submission later this year to Petroleum Sarawak Berhad ("Petros"). UPS will pay to BOV USD 325,000 for its increased interest in UBO. The transaction with BOV is expected to close in March 2023.

Additionally, BOV has committed to invest USD 150,000 in the Subscription conditional on the publication of the Prospectus.

The Financing (including the Subscription), is conditional upon final FCA approval of the Prospectus, and will be led by a small group of individuals most of whom were early-stage investors in Cove Energy plc. They have indicated they will invest a minimum GBP1,000,000. The Company also intends to place some shares through its broker Optiva Securities Limited. The Directors and other PDMRs are intending to invest approximately GBP50,000.

The Company will invest the proceeds as follows:

-- Increase to 45% its interest in the joint venture company UBO;
-- Fund its 45% contribution to the cost of the Joint Technical Study in Sarawak and other joint venture costs;

-- Working capital
Bolhassan Di, Upland Chairman and CEO commented:

"This strategic investment supports Upland's move to the second phase of our strategy. Block SK334 in Sarawak offers transformational potential for a company of our size, and we have preliminarily identifi

28.5% up
soon to hit top.
gla

lets see if boil has same reaction as upland with rns, 19.1% up.
gla

spread closed up as i was typing, now 7.7%.
up, 19.1%
gla