Xcite Energy Limited ("Xcite Energy" or the "Company") Additional Listing and Total Voting Rights
November 29 2010 - 2:00AM
Marketwired
This Announcement Is Not for Release, Publication for Distribution
in or Into The United States
Xcite Energy (TSX-V: XEL) (LSE: XEL) (AIM: XEL) -- Further to the announcement in relation to the draw
down on the Standby Equity Distribution Agreement issued on 25
November 2010, the Company announces that it has now received
approval of the share issue by the TSX Venture Exchange and it has
therefore made an application for the admission to AIM
("Admission") of 2,447,695 ordinary shares of no par value in the
capital of the Company (the "New Ordinary Shares").
The New Ordinary Shares shall rank pari passu with the Company's
existing issued ordinary shares of no par value ("Ordinary Shares")
and dealings are expected to commence on 30 November 2010.
Following Admission, the Company's enlarged issued share capital
will comprise 156,095,582 Ordinary Shares with one voting right per
share. There are no shares held in treasury. The total number of
voting rights in the Company is therefore 156,095,582.
This figure of 156,095,582 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 +44 (0) 1330
826740 Richard Smith Chief Executive Officer Rupert Cole Chief
Financial Officer Arbuthnot Securities Limited +44 (0)20
7012 2000 (Nomad and Broker) Antonio Bossi Director Pelham Bell
Pottinger +44 (0) 20 7861 3232 Mark Antelme Director Henry
Lerwill Paradox Public Relations +1 514 341 0408
Jean-Francois Meilleur Consultant