Information  X 
Enter a valid email address

Teknomining Plc (TEKP)

  Print      Mail a friend

Thursday 10 January, 2013

Teknomining Plc

Conversion of Loan into Ordinary Shares

                                                                                   10 January 2013

                                          Teknomining Plc

                                 ("Teknomining" or "the Company")

                              Conversion of Loan into Ordinary Shares

Teknomining Plc announces that by resolution of the Board of Directors on 9th January 2013, it has
allotted 2,853,440 Ordinary Shares of nominal value Euro 0.001 each in the Company in satisfaction
of the conversion of a loan of GBP 300,000 plus accrued interest. This conversion is pursuant to a
Loan Agreement ("Relevant Loan Agreement") entered into by the Company and announced to the market
on  9th May 2012. The conversion price of each Ordinary Share is GBP 0.12, which is the conversion
price as determined by the terms of the Relevant Loan Agreement.

Each new Ordinary Shares will rank pari passu with each existing fully paid Ordinary Share in the
Company. Each new Ordinary Share and each existing Ordinary Share have one right to vote per

After  the  issue  of  the new Ordinary Shares, the Company's total issued  capital,  with  voting
rights, will be 43,103,510 Ordinary Shares of Euro 0.001 each. There are currently no warrants  or
options in issue.

The  above figure may be used by the 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 Company.

The directors of the issuer accept responsibility for this announcement.

Contact Details:

Teknomining Plc
Sean Finlay, Chairman
Phone: +353 1 4959276
Email: [email protected]

LHM Casey McGrath
Con Casey, Corporate Adviser
Phone: +353 1 495 9200
Email: [email protected]

Teknomining Plc

a d v e r t i s e m e n t