Corcel PLC, an Angolan focused exploration and production company, has announced the exercise of 39,285,714 warrants at a price of 0.0021 per share, resulting in gross proceeds of £82,500. The company has issued 39,285,714 new ordinary shares as a result. The shares are expected to be admitted to trading on AIM on or around January 4, 2024. Following the issuance of the new shares, Corcel's issued ordinary share capital will consist of 1,638,814,702 ordinary shares, all of which have equal voting rights and none of which are held in Treasury. The total number of voting rights in the company will therefore be 1,638,814,702. Shareholders can use this figure to determine if they are required to notify their interests in the company.