TIDMEDR

RNS Number : 0527O

Egdon Resources PLC

08 June 2022

08 June 2022

EGDON RESOURCES PLC

("Egdon" or "the Company")

Exercise of Warrants, Issue of New Shares and Total Voting Rights

Egdon Resources plc (AIM:EDR) has received notice of the exercise of Warrants and can advise the issue of new Ordinary Shares in the Company of 1p each ("Ordinary Shares") as follows.

The Warrants

In July 2021 the Company raised GBP1.44 million through the issue of 115,228,000 new Ordinary Shares at a price of 1.25 pence per share. In addition, each two Subscription Shares were granted a right to subscribe for one new Ordinary Share at a price of 2.5 pence per share, (the "Warrant").

Exercise of Warrants and Issue of New Ordinary Shares

 
 Number of Warrants   Number of 1p new   Consideration 
  being reported       Ordinary Shares    Received at 
  as Exercised         issued             2.5p per share 
      500,000             500,000         GBP12,500.00 
                     -----------------  ---------------- 
 

Application for Admission of New Ordinary Shares to AIM

An application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on the AIM Market of the London Stock Exchange with admission expected to become effective on or around 14 June 2022.

The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares in all respects.

Outstanding Warrants

Following the exercise of the Warrants reported above 49,499,000 Warrants remain outstanding and are exercisable at any time until 23 July 2023.

Total Voting Rights

Following admission of the new Ordinary Shares on or around 14 June 2022 the issued share capital of the Company will be 524,892,031 Ordinary Shares, each with voting rights. This figure 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 Disclosure and Transparency Rules.

For further information please contact:

Egdon Resources plc

Mark Abbott, Martin Durham 01256 702 292

Buchanan

Ben Romney, Jon Krinks 020 7466 5000

Nominated Adviser & Joint Broker - WH Ireland Limited

Chris Hardie, Megan Liddell 020 7220 1666

Joint Broker & Financial Advisors - VSA Capital Limited

Andrew Monk (Corporate Broking) 020 3005 5000

Andrew Raca (Corporate Finance)

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain

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June 08, 2022 02:00 ET (06:00 GMT)

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