Issue of Equity

RNS Number : 5718O

Highlands Natural Resources PLC

29 May 2015

 

29 May 2015

Highlands Natural Resources ('Highlands' or 'the Company')

Issue of Equity

Highlands Natural Resources, the London listed oil and gas company, announces that an additional 1,998,500 Ordinary Shares have been admitted to trading today and consequently the Company has 21,998,500 shares admitted for trading in total.

1,900,000 of the newly admitted shares relate to the acquisition of patent rights from Diversion Technologies LLC as announced on 26 May 2015 and the acquisition is now complete.  These patent applications cover a new well stimulation (fracking) diverter technology known as "DT Ultravert" which the Board believes represents a highly disruptive force in the market, and has the potential to create a transformational shift in the US$50 billion per year fracking industry.  The remaining 98,500 newly admitted shares were issued to advisers in partial settlement of fees rendered to date.

In the announcement dated 26 May 2015, the number of shares being admitted to trading was quoted as 1,988,500 which was incorrect. 

**ENDS**

For further information, please visit www.highlandsnr.com, or contact:

Robert Price	Highlands Natural Resources plc	+1 (0)  9183617000
Nick Foster	Smithfield Partners	[phone]
Lottie Brocklehurst	St Brides Partners Ltd	[phone]
Elisabeth Cowell	St Brides Partners Ltd	[phone]

 

END

 

 

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