Upland Resources Exercises Warrants, Raises £563,833
Why we think this is good
The warrant exercise provides additional capital to Upland Resources without significant dilution for existing shareholders. The proceeds will help strengthen the company's cash position, which is a positive. While the amount raised is relatively small, it is not unexpected or concerning for a small-cap company like Upland Resources.
Key Points
- Upland Resources has exercised 22,402,778 warrants, generating £563,833 in proceeds
- The warrant exercises will help the company maintain a strong cash position in 2025
Summary
The energy company has exercised warrants, raising £563,833 to bolster its cash position.
Upland Resources Limited (LSE: UPL) has announced the exercise of 22,402,778 warrants, generating proceeds of £563,833. The company stated that this, alongside recent raises, will ensure it maintains a strong cash position throughout 2025.
Key Dates
2025
Maintain strong cash position throughout the year
PLACING