Issue of Equity

RNS Number : 4889Z

Persian Gold PLC

14 January 2011

 



PERSIAN GOLD PLC

ISSUE OF EQUITY

The Board of Persian Gold plc (the "Company") announces that it has received notices of exercise from a number of individual holders of warrants over new ordinary shares of the Company ("New Ordinary Shares") at an exercise price of 4p per New Ordinary Share.

Accordingly, the Board has resolved to issue and allot 2,455,000 New Ordinary Shares at a nominal value of 0.25p per New Ordinary Share at a price of 4p each.  The Company has received £98,200 from the holders of such warrants.

Application will be made to the London Stock Exchange for the admission of the New Ordinary Shares to trading on AIM as soon as the Company's shares are restored to trading on AIM.

Enquiries:

Persian Gold PLC
John Teeling, Executive Chairman	[phone]
Cairn Financial Advisers LLP
James Caithie	[phone]
Alexander David Securities Limited
Ian Rice	[phone]

 

END

 

 

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