Borders & Southern Petroleum plc will issue 2,105,250 new ordinary shares of one pence each, following a warrant exercise at 10 pence per warrant share, for an aggregate £210,525.
Following admission, the company’s total issued share capital will comprise 883,829,932 ordinary shares with voting rights and none held in treasury.
Borders holds and operates three production licences, covering a total of nearly 10,000km2, in the South Falkland Basin, which include the Darwin gas condensate discovery.