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LONDON - Upland Resources Limited (LSE: LON:UPL), an oil and gas company, has announced the exercise of 22,402,778 warrants issued on February 28, 2023. This exercise follows a previous announcement on February 24, 2025, and brings the total number of warrants exercised to 46,986,110. The company has generated proceeds of £563,833 from these exercises.
The exercised warrants will result in the admission of new Ordinary Shares to the Official List (standard listing segment) and to trading on the London Stock Exchange (LON:LSEG)’s Main Market. This process is expected to be completed within seven days from the submission of the listing application.
Upland’s Chairman and CEO, Bolhassan Di, expressed gratitude for the ongoing support from shareholders and emphasized that the funds from this exercise, along with recent capital raises, will help maintain a robust cash position for the company throughout 2025.
Following the exercise of these warrants, Upland Resources will have a total of 1,416,791,381 Ordinary Shares in issue. Shareholders can use this figure as the denominator for calculations to determine if they need to notify the company of their interest in, or a change to their interest in, Upland’s securities, in compliance with the Financial Conduct Authority’s Disclosure and Transparency Rules.
This recent development is based on a press release statement from Upland Resources Limited and provides shareholders and potential investors with the latest information on the company’s share capital and financial position.
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