Xtract Resources : Admission of Shares

Regulatory Story

Xtract Resources plc - XTR

Released 10:06 27-Jul-2016

RNS Number : 3786F Xtract Resources plc 27 July 2016

27 July 2016

Xtract Resources Plc ("Xtract" or "the Company")

Admission of Shares

Xtract Resources (AIM:XTR) confirms that further to its announcement on 20 July 2016, application has been made for 3,171,966,959 Ordinary Shares of 0.01p in the Company (together, the "New Shares") to be admitted to trading on AIM ("Admission"), with Admission expected to occur on 28 July 2016.

The New Shares include 1,538,461,538 Ordinary Shares issued pursuant to the Placing to raise £1 million (before expenses), the issue of 1,032,811,415 Ordinary Shares to YAGM pursuant to the draw down of £671,000 from its existing SEDA and 600,694,006 Ordinary Shares to Manica Creditors.

Following Admission, the Company will have 12,912,728,545 ordinary shares in issue with voting rights. Xtract does not currently hold any shares in treasury. Accordingly, this figure of 12,912,728,545 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

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