Xcite Energy Limited ("Xcite Energy" or the "Company") Additional Listing
October 11 2010 - 7:19AM
Marketwired
This Announcement Is Not for Release, Publication or Distribution
in or Into the United States.
Further to the announcement released on 7 October 2010 in
relation to the draw down on its Standby Equity Distribution
Agreement with YA Global Master SPV Ltd, the Company, Xcite Energy
(TSX-V: XEL) (LSE: XEL) (AIM: XEL), has made an application for the
admission to trading on AIM ("Admission") of 2,840,893 new ordinary
shares of no par value (the "New Ordinary Shares").
The New Ordinary Shares will rank pari passu with the Company's
existing issued Ordinary Shares and dealings are expected to
commence on AIM on 14 October 2010.
Following Admission, the Company's enlarged issued share capital
will comprise 148,071,969 ordinary shares with one voting right per
share. There are no shares held in treasury. The total number of
voting rights in the Company will therefore be 148,071,969.
This figure of 148,071,969 Ordinary Shares may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the FSA's Disclosure and Transparency Rules.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
ENQUIRIES: Xcite Energy Limited Richard Smith
Chief Executive Officer Rupert Cole Chief Financial Officer +44 (0)
1330 826740 Arbuthnot Securities Limited (Nomad and Broker)
Antonio Bossi Director +44 (0)20 7012 2000 Pelham Bell
Pottinger Mark Antelme Director Henry Lerwill +44 (0) 20 7861
3232 Paradox Public Relations Jean-Francois Meilleur
Consultant +1 514 341 0408