27th Apr 2006 07:02
Sierra Leone Diamond Company Ld27 April 2006 For immediate release 27 April 2006 Sierra Leone Diamond Company Limited ("SLDC" or the "Company") Directors Share Dealings Revised Sierra Leone Diamond Company (AIM : SLD), the diamond exploration company withlicence interests wholly focussed in the country of Sierra Leone, announces arevision to the earlier announcement on 26 April 2006 issued at 12:41 under RNSnumber 0319C detailing certain directors share dealings. Sierra Leone Diamond Company announced that on 26 April 2006, pursuant to theexercise of certain share purchase warrants that CA Fiduciary Services Limited ,as Trustees of the Timis Trust which wholly owns Timis Diamond Corporation, haspaid US$ 4,000,000 to purchase a further 2,200,000 new ordinary shares at anexercise price of Cdn $ 0.75 (£0.37) and a further 2,328,000 new ordinary sharesat an exercise price of Cdn$1.25 (£0.61). Subsequent to the issue of theseshares, SLDC will have 103,311,240 ordinary shares in issue of which TimisDiamond Corporation holds 34,428,001 (33.3%). Pursuant to a sale and purchase agreement to acquire certain minority interestsin subsidiary companies Mr Gibril Bangura, Director, held on Trust 500,000ordinary shares on behalf of certain minority shareholders. These ordinaryshares will now be distributed, leaving CA Fiduciary Services Limited, the soletrustee of The Twin Trust holding 5,792,624 (5.6%). Mr Gibril Bangura is abeneficiary of The Twin Trust. Application has been made for the New Ordinary Shares to be admitted to trading,and these will rank pari passu with the Company's existing Ordinary Shares. Dealings on AIM are expected to commence on 2 May 2006. For further information, please contact; Sierra Leone Diamond CompanyMartin Dunham, Chief Financial Officer 01442 257246 Buchanan Communications 020 7466 5000Bobby MorseBen Willey This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
AMI.L