ADM Energy Announces Result of General Meeting

Source: www.gulfoilandgas.com 12/13/2021, Location: Europe

ADM Energy PLC, a natural resources investing company, announces that at its General Meeting held earlier today, all resolutions put to shareholders were duly passed. The Company announced on 15 November 2021 that it had raised 475,000 by way of a placing for new ordinary shares in the Company and a subscription by certain Directors (together the "Fundraise"). As part of the Fundraise, and subject to the Company seeking additional share authorities from shareholders at a general meeting, the Company conditionally agreed to issue 6,666,667 warrants to Monecor (London) Limited, with an exercise price of 3p each for a period of two years from Admission ("Warrants"). The Company confirms that, following the passing of the resolutions at the General Meeting, the Warrants will now be issued.


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