Advance Energy Announces Issue of Warrants

Source: www.gulfoilandgas.com 2/12/2021, Location: Europe

Advance Energy plc (ADV), the energy company seeking growth through acquisition or farm-in to non-operated interests in discovered upstream projects, announces it has issued warrants ("Warrants") to subscribe for 545,455 new ordinary shares in the Company.

The Warrants have been issued to a third party who assisted with the Company's placing of new ordinary shares in November 2020 and represent agreed compensation. The Warrants have an exercise price of 0.22 pence and an expiry date of 9 December 2023.


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