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LONDON - Upland Resources Limited (LSE: LON:UPL), an oil and gas company, announced today that it has received notice for the exercise of 24,583,332 warrants issued on February 28, 2023. The exercise of these warrants has generated proceeds of £295,000 for the company.
The Chairman and CEO of Upland, Bolhassan Di, expressed gratitude for the ongoing shareholder support, stating that the funds, along with recent capital raises, will help maintain a robust cash position for the company throughout 2025.
The newly exercised warrants will result in the admission of additional 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.
Following the completion of this warrant exercise, Upland Resources Limited will have a total of 1,394,388,603 Ordinary Shares in issue. This updated figure provides shareholders with a denominator for calculating notifications related to their interest in the company’s securities, as per the Financial Conduct Authority’s Disclosure and Transparency Rules.
This financial activity is part of Upland’s ongoing efforts to strengthen its financial standing and ensure operational stability. The information in this article is based on a press release statement from Upland Resources Limited.
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