Issue of Equity - Further ann

RNS Number : 9836G

Canisp PLC

10 February 2010

 



10 February 2010

Canisp Plc

("Canisp" or the "Company")

Issue of Equity - Further announcement

Further to the announcement released on 9 February 2010 at 18:20 under RNS numbers 9093G, the Company notes the following modification to the announcement; "agreed to convert a further £40,000" not "£400,000" as previously stated.

The full text of the amended announcement can be read below.

Canisp (AIM:CN) today announces that Corvus Capital Limited ("Corvus") has agreed to convert a further £40,000 of the £1.6 million convertible debt announced on 21 April 2008 (the "Convertible Debt") into 40,000,000 ordinary shares of 0.1p each ("New Ordinary Shares"), representing 4.67 per cent of the enlarged issued share capital of the Company.  The New Ordinary Shares have been placed with parties unrelated to the Company.  Following this conversion, the remaining balance of the Convertible Debt will be £383,500.

In accordance with the terms of the Convertible Debt, the New Ordinary Shares have been allotted and issued at par value. Application for the New Ordinary Shares to be admitted to trading on AIM has been made and is expected to occur at 8.00 a.m. on 15 February 2010. Following this issue there will be 856,547,275 ordinary shares of 0.1p each in issue.

For further information contact:

Strand Hanson Limited (Nomad) Simon Raggett / James Harris	Tel: [phone]
Keith, Bayley, Rogers & Co Limited (Broker) Simon Frost / Brinsley Holman	Tel: [phone]
Hansard Group   John Bick	Tel: [phone] [phone]

 

END

 

 

IOEGGUWPPUPUGMU