26th Apr 2006 12:41
Sierra Leone Diamond Company Ld26 April 2006 For immediate release 26 April 2006 Sierra Leone Diamond Company Limited ("SLDC" or the "Company") Directors Share Dealings Sierra Leone Diamond Company (AIM : SLD), the diamond exploration company withlicence interests wholly focussed in the country of Sierra Leone, announces thefollowing directors share dealings. Sierra Leone Diamond Company announces that, on 26 April 2006, pursuant to theexercise of certain share purchase warrants by Timis Diamond Corporation, atrust of which Mr Frank Timis, non-executive chairman, is a beneficiary, has paid US$ 4,000,000 to purchase a further 2,950,000 new ordinary shares at anexercise price of Cdn $ 0.75 (£0.37) and a further 1,878,000 new ordinaryshares at an exercise price of Cdn $ 1.25 (£0.61). Subsequent to the issue ofthese shares, SLDC will have 103,611,240 ordinary shares in issue of whichFrank Timis holds 34,728,001 (33.5%). 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 ordinary shares will now be distributed, leaving Gibril Bangura holding 5,792,624 (5.6%)ordinary shares. 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