RNS Number : 3958O
Upland Resources Limited
14 May 2024
 

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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This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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