Lifting of Court Injunction

RNS Number : 3280I

Petrel Resources PLC

14 April 2022

 

14^th April 2022

Petrel Resources plc

("Petrel" or "the Company")

Lifting of Court Injunction

Petrel Resources Plc ("Petrel" or "the Company") announces that the High Court injunction over the 32,086,538 Ordinary Shares previously held by the Tamraz Group have been lifted.

John Teeling and James Finn have acquired the 32,086,538 shares for £300,000 from EYCP LLC and SRT Capital SPC, Ltd.

John Teeling has acquired 21,086,538 shares at a price of .935p per share. Following this purchase John Teeling is the beneficial owner of 26,501,538 Ordinary Shares, representing 16.88% of the issued share capital.

James Finn has acquired 11,000,000 shares at a price of .935p per share. Following this purchase James Finn is the beneficial owner of 12,785,385 Ordinary Shares, representing 8.14% of the issued share capital.

Ends

For further information please visit http://www.petrelresources.com/ or contact:

Petrel Resources
David Horgan, Chairman	[phone]
John Teeling, Director
Nominated Adviser and Broker
Beaumont Cornish - Nominated Adviser  Roland Cornish Felicity Geidt	[phone]
Novum Securities Limited - Broker  Colin Rowbury	[phone]
BlytheRay - PR Megan Ray Madeleine Gordon-Foxwell	[phone] [phone] [phone]
Teneo Luke Hogg Alan Tyrrell Ciara Wylie	[phone] [phone] [phone]

 

END

 

 

MSCMZGMDVFZGZZM