2nd Feb 2007 07:46
Dwyka Diamonds Limited02 February 2007 Dwyka Diamonds Limited ('Dwyka' or the 'Company') Issue of Shares to Allerton Horizon Limited Further to its announcements dated 17 January 2007 and 18 January 2007, theCompany has issued 6,475,343 fully paid ordinary shares ('Shares') to AllertonHorizon Limited in consideration for the acquisition of all of the shares inDanyland Limited. Danyland Limited owns the Muremera nickel project located inBurundi. The issue of the Shares to Allerton Horizon Limited is in satisfactionof the first payment of US$2,000,000 under the Dannyland Limited acquisitionagreement. The Shares were issued pursuant to a calculation based on the average volumeweighted trading price for Dwyka Shares on the 5th trading day period prior tocompletion date. The completion date was 30 January 2007 and the average volumeweighted trading price for Dwyka Shares was calculated as £0.157 (AUD$0.40). Application has now been made to the Alternative Investment Market of the LondonStock Exchange ("AIM") for 6,475,343 Shares to be admitted to trading on AIM.Admission of the shares to trading on AIM is expected to occur at 8.00am on 8February 2007. For further information please contact: In AustraliaAdrian Griffin, Melissa SturgessDwyka Diamonds Limited(+618) 324 2955 In United KingdomRichard BrownAmbrian Partners Limited(+44) 20 7776 6417 Laurence Read/Leesa PetersConduit PR(+44) 20 7429 6605/(+44) 20 7429 6600 Or visit: http://www.dwykadiamonds.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Nyota Minerals