Issue of Equity

RNS Number : 4847Z

Sunrise Resources Plc

14 January 2011

 



14 January 2011

Sunrise Resources plc ("the Company")

Issue of Equity

The Company announces that it has allotted and issued 1,000,000 new ordinary shares pursuant to the exercise of warrants at a price of 0.675p to Mr Gordon Salo, owner of the Long Lake project claims in Sudbury, Canada where the Company holds exploration rights.

Application will be made for the admission of the 1,000,000 new ordinary shares to be admitted to trading on the AIM market. The new ordinary shares will rank pari passu with the existing ordinary shares of the Company and trading of these shares on AIM is expected to commence on 20th January 2011.

Following admission, the Company's enlarged issued share capital will comprise 310,366,013 ordinary shares with one voting right per share. There are no shares held in treasury and the total number of voting rights in the Company is therefore 310,366,013.

This figure of 310,366,013 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

Further Information:

Sunrise Resources plc                                                         Tel:  [phone]

Patrick Cheetham, Executive Chairman                                Mobile: [phone]

www.sunriseresourcesplc.com

Northland Capital Partners Limited                                   Tel: [phone]

Gavin Burnell

Charles Vaughan (Corporate Broking)

Yellow Jersey PR                                                                 Tel: [phone]

Dominic Barretto

 

 

END

 

 

IOEDKQDNKBKDBDD