Exercise of Warrant and Issue

RNS Number : 0949N

Persian Gold PLC

04 June 2010

 

4 June 2010

PERSIAN GOLD PLC

Exercise of Warrants and Issue of Equity

Persian Gold Plc (the "Company"), has received notification of the exercise of warrants to acquire 510,637 ordinary 0.25p shares in the Company (the "Warrant Shares"). The exercise price for the Warrant Shares is 4p per Warrant Share and the aggregate subscription price for the Warrant Shares has been received by the Company .

Application has been made for the Warrant Shares, which will rank pari passu with the Company's existing ordinary shares in issue, to be admitted to trading on AIM. It is expected that admission will be effective and that dealings in the Warrant Shares will commence on 10 June 2010.

Following the issue of the Warrant Shares, the enlarged issued share capital of the Company will be 75,172,835 ordinary shares. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

Enquiries:

Persian Gold PLC
John Teeling, Executive Chairman	[phone]
FinnCap
Matthew Robinson Henrik Persson	[phone]
College Hill
Nick Elwes	[phone]

 

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