Zoltav Resources: Issue of Equity
Zoltav, the CIS-focused oil and gas company announces that, following the receipt of a notice to exercise warrants over 100,000 ordinary shares of $US0.2 in the Company (“Ordinary Shares”) it has authorised the issue of 100,000 new Ordinary Shares (the “Warrant Exercise”).
The new Ordinary Shares will rank pari passu with the existing Ordinary Shares. Application has been made for admission of the new Ordinary Shares to trading on AIM and admission is expected to occur on 13 June 2014.
Following the Warrant Exercise, there will be 61,810,780 Ordinary Shares in issue. This number 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.
