Warrant Exercise and Total Voting Rights

RNS Number : 4789A

Independent Resources PLC

24 March 2017

 

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 16,666,666 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	16,666,666
Total:	16,666,666

The total consideration received by the Company pursuant to the warrant exercise will be £20,000.00.

Application will be made for the 16,666,666 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 30 March 2017.

Following Admission, the total number of voting rights in the Company will be 3,901,086,881 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	[e-mail] [e-mail]
John Treacy Jamie Spotswood		ZAI Corporate Finance Ltd. (Nominated Adviser)	020 7060 2220
Oliver Stansfield Jonathan Evans		Brandon Hill Capital (Broker)	020 3463 5000

 

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