23rd Nov 2011 07:00
23 November 2011
Sirius Minerals Plc
("Sirius" or the "Company")
Issue of Equity
Further to the issue of 900,000 share options to a former adviser in October 2010, Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) announces that it has received an Exercise Notice in relation to these options. Therefore, the Company has issued and allotted 900,000 new Ordinary Shares of 0.25p per share ("Ordinary Shares") at 6.0p per share raising a total of £54,000. The monies will be used for general working capital purposes.
Application will be made for the 900,000 new Ordinary Shares, which will rank pari passu with the Company's existing Ordinary Shares, to be admitted to trading on AIM and trading in such shares is expected to commence on or around 28 November 2011.
Following the issue of the Placing Shares, the total number of shares in issue and the total number of ordinary shares in the Company with voting rights will be 1,033,477,755. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change of interest in, the share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules.
For further information, please visit the Company's website www.siriusminerals.com. Alternatively please contact:
For further information, please contact:
Sirius Minerals Plc | |||
Chris Fraser(MD & CEO) | Tel: +44 7582711382 or +61 404 073 288 | Andrew Lindsay(FD & CFO) | Tel: +44 20 3327 3661 |
NOMAD/ Joint Broker | Joint Brokers | Media Enquiries |
Macquarie Capital (Europe) Limited | Liberum Capital Limited | Gth Media Relations |
Steve Baldwin, Sam Small, Nick Harland, Dan Iacopetti
| Michael Rawlinson, Clayton Bush | Toby Hall, Suzanne Johnson Walsh |
Tel: +44 20 3037 2000 | Tel: + 44 20 3100 2222 | Tel: + 44 20 3103 3903 |
About Sirius Minerals Plc
Sirius Minerals is a globally diversified potash development company. Its primary focus is to bring on stream major potash mining facilities through the acquisition and development of projects overlying recognised potash deposits. Today it holds properties in the United Kingdom (North Yorkshire), the United States (North Dakota), and Australia (Queensland and Western Australia).
The Company is additionally progressing ongoing innovation initiatives into the secondary uses of salt and potash beds for energy storage and carbon dioxide sequestration.
Incorporated in 2003, Sirius Minerals' shares are traded on the London Stock Exchange's AIM market. Its shares are also traded in the United States on the OTCQX through the use of a sponsored ADR facility. Further information on the Company can be found at www.siriusminerals.com.
Related Shares:
Sirius Minerals