Ascent Resources plc has issued 1,149,058 new ordinary shares of 0.5 pence each in the company at an issue price of 2.3 pence for services to the company.
A total 279,493 shares were issued to a former director employed in October and November 2024 and 869,565 to Optimo Research for services provided over the next year.
Following admission, Ascent will have 308,652,323 ordinary shares in issue, none of which will be held in treasury.
The company is awaiting arbitration awards from a dispute with its partner over their joint venture gas assets onshore Slovenia, and has also recently acquired helium interests in the US.