Borders & Southern Petroleum plc will issue 614,850 new shares of one pence each after receiving notice from two warrant holders to exercise warrants at 10p per share, for an aggregate £61,485.
Following admission, the company’s total issued share capital will comprise 884,444,782 ordinary shares with voting rights and none held in treasury.
Borders owns oil and gas appraisal and exploration assets in the South Falkland Basin, which include the Darwin gas condensate discovery.