20th Mar 2017 12:59
FOR IMMEDIATE RELEASE
Independent Resources plc
("IRG" or the "Company")
Warrant Exercise and Total Voting Rights
Warrant Exercise
The Company announces that it has received exercise notices from certain of its warrant holders to exercise 22,750,000 warrants into new ordinary shares of 0.01p each in the Company ("New Ordinary Shares") as per the table below:
Exercise price | No. of warrants being exercised |
0.12p | 22,750,000 |
Total: | 22,750,000 |
The total consideration received by the Company pursuant to the warrant exercise will be £27,300.00.
Application will be made for the 22,750,000 New Ordinary Shares, which will rank pari passu with the existing ordinary shares, to be admitted to trading on AIM ("Admission"). Admission is expected to occur on 24 March 2017.
Following Admission, the total number of voting rights in the Company will be 3,884,420,215 ordinary shares. This number 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 FCA's Disclosure and Transparency Rules.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
For more information, please visit www.ir-plc.com or contact:
James Parsons Greg Coleman |
| Echo Energy plc Echo Energy plc | |
John TreacyJamie Spotswood |
| ZAI Corporate Finance Ltd.(Nominated Adviser) | 020 7060 2220 |
Oliver StansfieldJonathan Evans |
| Brandon Hill Capital(Broker) | 020 3463 5000 |
Related Shares:
ECHO.L