Exercise of warrants/Total Vo

RNS Number : 6489J

Roxi Petroleum Plc

01 April 2010

 



For immediate release

1 April 2010

Roxi Petroleum ("Roxi" or "the Company")

Exercise of warrants

Roxi was notified on 31 March 2010 that Altius Energy Limited (formerly Arawak Energy Limited) has exercised a further 1.6 million warrants at a price of 10 p per share, for an aggregate consideration of £160,000. Consequently, Altius's shareholding in Roxi has increased from 23,168,721  to 24,768,721, representing 5.9 per cent. of Roxi's issued share capital.

Total Voting Rights

In line with the Financial Services Authority's Disclosure and Transparency Rules, as at 31 March 2010, including the matters referred to in this announcement, the Company's total issued share capital is 420,818,386 ordinary shares of 1p each.

Roxi does not hold any shares in treasury.

Therefore, the total number of voting rights in Roxi is 420,818,386 which 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 Roxi under the FSA's Disclosure and Transparency Rules.

Enquiries

Roxi Petroleum plc David Wilkes CEO	[phone]
Buchanan Communications (Financial PR) Tim Thompson / Ben Romney	[phone]
Matrix Corporate Capital LLP (NOMAD and broker)                Alastair Stratton / Anu Tayal	[phone]

About Roxi

Roxi Petroleum was admitted to the London Stock Exchange AIM on 22 May 2007 with intent to acquire controlling interests in and develop oil and gas assets in Central Asia. Roxi's strategy is to target oil discoveries and mature exploration acreage which have reserves and production upside. This strategy has allowed the Company to rapidly acquire a number of excellent exploration and development assets in Western and Central Kazakhstan, covering a combined area of 1,880 km2. These assets have, upon acquisition, significant reserves under the Kazakh Government's reserve classifications of C1+C2+C3. It is Roxi's strategy to use available modern technology to move the reserves from the current classifications to internationally recognized SPE classifications recognized by the AIM and other financial markets. Roxi will also add further value to the assets by bringing these reserves into production.

 

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