29th Jun 2006 14:51
Sierra Leone Diamond Company Ld29 June 2006 For immediate release 29 June 2006 Sierra Leone Diamond Company Limited ("SLDC" or the "Company") Directors Share Dealings Sierra Leone Diamond Company (AIM : SLD), the diamond exploration company with licence interests wholly focussed in the country of Sierra Leone, announces certain directors share dealings. Sierra Leone Diamond Company announces that on 29 June 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$ 3,050,000 to purchase a further 2,738,667 new ordinary shares at anexercise price of Cdn $ 1.25 (£0.61). Furthermore, in an unrelated transaction, CA Nominees Limited has paid SLDC US$1,950,000 to purchase a total of 2,250,000 share purchase warrants, 1,250,000 atan exercise price of Cdn $ 0.75 (£0.37) and 1,000,000 at an exercise price ofCdn $ 1.25 (£0.61) from CA Fiduciary Services. Subsequent to the issue of these shares, SLDC will have 111,034,907 ordinaryshares in issue of which Timis Diamond Corporation holds 37,691,668 (34%). 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 6 July 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:
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