Baron Oil plc received £117,125 following notice for the exercise of warrants to subscribe for 117,125,001 new ordinary shares of 0.025p each in the company.
The exercise price of these warrants is 0.1 p per new ordinary share.
Baron Oil said that following the exercise of these warrants there would be no further warrants over the company’s ordinary shares.
Following admission, the company’s issued share capital will consist of 14,450,737,462 ordinary shares with one voting right each.
Baron Oil holds no ordinary shares in treasury.