Substantial Holdings
21 February 2011
Athol Gold Limited
("Athol Gold" or "the Company")
Substantial Holdings
Subsequent to the EGM held this morning, the Company has issued 32,901,200 new ordinary shares to T1ps Investment Management (IOM) Limited as a result of the conversion of loan notes issued to it as a performance fee as announced on 31 January 2011.
In addition, the Company has issued 19,156,627 new ordinary shares to the SF t1ps Smaller Companies Gold Fund on conversion of £159,000 loan notes owned by the SF t1ps Smaller Companies Gold Fund.
T1ps Investment Management (IOM) Limited now holds 32,901,200 ordinary shares representing 5.8% of the issued share capital of the Company and SF t1ps Smaller Companies Gold Fund now holds 134,001,632 ordinary shares representing 23.5% of the issued share capital of the Company.
Pursuant to the conversion of the loan notes, the Company's enlarged issued share capital will comprise 571,339,681 ordinary shares with one vote per share. Admission of the new ordinary shares is expected to take place on 25 February 2011.
Enquiries:
Athol Gold Limited
Alastair Ford
Tom Winnifrith
Tel: 01624 676848
Libertas Capital
Sandy Jamieson
Tel: 0207 569 9650
Rivington Street Corporate Finance
Dru Edmonstone
Tel: 020 7562 3350
Bishopsgate Communications
Nick Rome
Tel: 020 7562 3350
This information is provided by RNS