18th Jul 2007 09:10
Dwyka Resources Limited18 July 2007 Dwyka Resources Limited ('Dwyka' or the 'Company') Issue of Shares pursuant to a Convertible Note The Directors of Dwyka today announce that further to a notification received,the Company has today issued 2,777,778 fully paid ordinary shares ('Shares')pursuant to the conversion of convertible loan notes with a face value of £1million. The series of loan notes which have now been wholly converted were issued on 22June 2006, were unsecured and attracted a yield of 8% payable quarterly inarrears from the date of issue until a maturity date of 22 June 2010. The loannotes were able to be converted into Shares at any time until 22 June 2010, at aconversion price of £0.36 per Share. Application has now been made to the AIM Market of the London Stock Exchange ('AIM') for 2,777,778 Shares to be admitted to trading on AIM ('Admission').Admission is expected to occur at 8.00am on Tuesday 24 July 2007. Dwyka now has 122,357,049 Shares in issue. Enquiries: In Australia:Mike LangoulantDwyka Resources Limited(+618) 324 2955 In the United Kingdom:Richard BrownAmbrian Partners Limited(+44) 20 7776 6417 Charlie Geller/Leesa PetersConduit PR(+44) 20 7429 6604 or (+44) 7970 067 320 or visit http://www.dwyresources.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Nyota Minerals