29th Sep 2006 15:18
Sierra Leone Diamond Company Ld29 September 2006 For Immediate Release 29 September 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, announcescertain directors share dealings. SLDC announces that on 29 September 2006, pursuant to the exercise of certainshare purchase warrants that CA Fiduciary Services Limited, as Trustees of theTimis Trust which wholly owns Timis Diamond Corporation, has paid US$ 3,580,724to purchase a further 3,183,334 new ordinary shares at an exercise price of Cdn$ 1.25 (£0.59). The Company also announces that on 28 September 2006 2,000,000 new ordinaryshares of US$0.01 each (the "New Ordinary Shares") have been issued andallotted; 1,000,000 at 50 pence per share and 1,000,000 at 75 pence per share,pursuant to the exercise of options by the estate of Martin Dunham (deceased)under its share option plan. The Company received £1,250,000 from the exerciseof these share options. Subsequent to these issues of shares, SLDC will have 118,003,241 ordinary sharesin issue of which Timis Diamond Corporation holds 40,875,002 (34.6%). 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 4 October 2006. For further information, please contact; Sierra Leone Diamond CompanyDavid Gadd-Claxton, Chief Executive 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