Last checked at 14 May 2024 13:30
Upland Resources Limited
14 May 2024
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
This announcement is not an offer for sale, or a solicitation of an offer to acquire, securities in any jurisdiction, including in or into the United States, Canada, Australia, or Japan. Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.
14 May 2024
UPLAND RESOURCES LIMITED
("Upland" or the "Company")
Issue of New Ordinary Shares
Upland Resources Limited (LSE: UPL) is pleased to announce that following the announcement on 26 April 2024 in respect of a placing which has raised gross proceeds of US$4 million at a price of 3.3 pence per new ordinary share ("Placing"), the Company is pleased to announce that it has applied for the admission of 96,927,000 new ordinary shares in respect of the Placing. Admission of the 96,927,000 ordinary shares to the Official List (standard listing segment) and to trading on the London Stock Exchange is expected on or around 16 May 2024 ("Admission"). The Company is pleased to attract new institutional shareholders through the Placing and intends to use the funds to support the long term aims of the Company.
On Admission of the 96,927,000 ordinary shares, the Company's total number of ordinary shares in issue will be 1,308,358,069. The figure 1,308,358,069 will represent the total voting rights in the Company and may be used by shareholders as the denominator for the calculation to determine if they are required to notify the Company of their interest in, or a change to their interest in, the Company's securities in accordance with the FCA's Disclosure and Transparency Rules.
For further information, please contact:
Upland Resources Limited Bolhassan Di Chairman and CEO Gerard Murray COO | Tel: +60 198 861919 bolhassan@upland.energy bolhassan@uplandbigoil.com.my gerry.murray@upland.energy www.upland.energy |
Optiva Securities - Joint Broker Christian Dennis | Tel: +44 (0)20 3137 1903 christian.dennis@optivasecurities.com www.optivasecurities.com |
OAK Securities - Joint Broker Jerry Keen Henry Clarke | Tel: +44 (0)20 3973 3678 Jerry.keen@oak-securities.com Henry.clarke@oak-securities.com www.oak-securities.com |
OAK Securities is a Corporate Broker in the UK specialising in the natural resources sector. The cornerstone investment was made by a Principle of OAK Securities.
OAK Securities is a trading name of Merlin Partners LLP OC317265. Merlin Partners is Authorised and Regulated by the Financial Conduct Authority: 449191.
Registered Office: 90 Jermyn Street, London SW1Y 6JD, United Kingdom.
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