26 Oct 2017 12:30
26 October 2017
Cluff Natural Resources Plc / Index: AIM / Epic: CLNR / Sector: Natural Resources
Cluff Natural Resources Plc ('CNR' or 'the Company')
Result of General Meeting
Cluff Natural Resources Plc, the AIM quoted natural resources investing company, is pleased to announce that all resolutions proposed at the General Meeting of the Company held today were duly passed. This follows the announcement made on 6 October 2017 relating to the subscription to raise £1 million.
Application has been made for 25,000,000 ordinary shares ("Second Tranche Shares"), which will rank pari passu with the existing ordinary shares in the Company, to be admitted to trading on AIM ("Admission"). Admission in respect of the Second Tranche Shares is expected to occur at 8.00 a.m. on 27 October 2017. The Company does not hold any ordinary shares in treasury and following Admission the total number of voting rights in the Company will be 396,060,199 ordinary shares. This number (396,060,199) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Commenting CNR's Chairman and Chief Executive Algy Cluff said:
"We are pleased to have raised these additional funds which will allow the Company to fully participate in the current UK Offshore Licencing Round, to continue to pursue additional investment opportunities and to allow time to complete a farm out of the Company's 100% owned licences in the Southern North Sea. Our absolute priority remains the creation of value for shareholders by securing the investment required to drill one or more wells on our licences which we believe to be highly valuable and strategic assets."
**ENDS**
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