27 Sep 2010 07:00
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES
TSX-V, LSE-AIM: XEL
27 September 2010
Xcite Energy Limited
("Xcite Energy" or the "Company")
Exercise of Share Warrants
The Company announces that application has been made for the admission to AIM ("Admission") of 250,000 new ordinary shares without par value in the Company ("Ordinary Shares"), pursuant to the exercise of warrants. The new Ordinary Shares shall rank pari passu with the Company's existing issued Ordinary Shares and dealings are expected to commence on 29 September 2010.
Following Admission, the Company's enlarged issued share capital will comprise 145,018,276 Ordinary Shares with one voting right per share. There are no shares held in treasury. The total number of voting rights in the Company is therefore 145,018,276.
This figure of 145,018,276 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.
| ENQUIRIES:
Xcite Energy Limited |
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+44 (0) 1330 826740 |
| Richard Smith | Chief Executive Officer |
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| Rupert Cole | Chief Financial Officer |
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| Arbuthnot Securities Limited (Nomad and Broker) |
| +44 (0)20 7012 2000 |
| Antonio Bossi | Director |
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| Pelham Bell Pottinger |
| +44 (0) 20 7861 3232 |
| Mark Antelme Henry Lerwill
| Director |
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| Paradox Public Relations |
| +1 514 341 0408 |
| Jean-Francois Meilleur | Consultant |
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.