14th April 2022
Petrel Resources plc
("Petrel" or "the Company")
Lifting of Court Injunction
Petrel Resources Plc ("Petrel" or "the Company") announces that the High Court injunction over the 32,086,538 Ordinary Shares previously held by the Tamraz Group have been lifted.
John Teeling and James Finn have acquired the 32,086,538 shares for £300,000 from EYCP LLC and SRT Capital SPC, Ltd.
John Teeling has acquired 21,086,538 shares at a price of .935p per share. Following this purchase John Teeling is the beneficial owner of 26,501,538 Ordinary Shares, representing 16.88% of the issued share capital.
James Finn has acquired 11,000,000 shares at a price of .935p per share. Following this purchase James Finn is the beneficial owner of 12,785,385 Ordinary Shares, representing 8.14% of the issued share capital.
Ends
For further information please visit http://www.petrelresources.com/ or contact:
| Petrel Resources | |
| David Horgan, Chairman | +353 (0) 1 833 2833 |
| John Teeling, Director | |
| | |
| Nominated Adviser and Broker | |
| Beaumont Cornish - Nominated Adviser Felicity Geidt
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Novum Securities Limited - Broker |
+44 (0) 20 399 9400
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| | |
| BlytheRay - PR | +44 (0) 207 138 3206 +44 (0) 207 138 3553 +44 (0) 207 138 3208 |
| | |
| Teneo Luke Hogg Alan Tyrrell Ciara Wylie |
+353 (0) 1 661 4055 +353 (0) 1 661 4055 +353 (0) 1 661 4055 |
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