Prospex Energy plc has received £20,000.52 following notices for the exercise of warrants to subscribe for 666,684 new ordinary shares of 0.1p each in the company.
USES
The exercise price is 3 pence per warrant exercised.
“These two warrant conversions are the last two 3p warrants remaining from the equity fund raise that took place in March 2021, when 25 million 3p warrants were issued alongside the issue of shares,” said chief executive Mark Routh.
“Since that time all the 3p warrants have now been converted and the proceeds of £750,000 has been received by the company between April 2022 and today. The funds have been used for working capital.”
On admission, the company will have a total 284,774,124 of ordinary shares in issue.