Last checked at 28 Sep 2012 14:27
Kryso Resources plc
('Kryso' or 'the Company')
AIM: KYS
Issue of Shares
Kryso Resources plc (AIM: KYS) announces that 51,333,333 ordinary shares in the Company have been issued pursuant to the exercise of 51,333,333 warrants at £0.21 per share. Aggregate funds of £10,780,000 have been received by the Company.
Pursuant to a share and warrant purchase agreement between Kryso Resources Plc and China Nonferrous Metals Int'l Mining Co., Ltd dated 27 July 2010, China Nonferrous Metals Int'l Mining Co., Ltd have exercised the 51,333,333 warrants at £0.21 per share. China Nonferrous Metals Int'l Mining Co., Ltd have increased their stake in the Company to 146,666,666 shares representing 40.24% of the enlarged share capital.
Application has been made for the shares issued to be admitted to trading on the AIM Market of the London Stock Exchange and dealings are expected to commence on 5 October 2012. The new ordinary shares will rank pari passu with the Company's existing ordinary shares. Following admission there will be 364,442,291 ordinary shares in issue.
For further information please visit the Company's website (www.kryso.com) or contact:
Kryso Resources Plc
Craig Brown, Managing Director
Tel: +44 (0) 20 7349 9160
Investec Bank Plc
Jeremy Ellis, Chris Sim, Neil Elliot
Tel: +44 (0) 20 7597 5970
XCAP Securities Plc
Jon Belliss
Tel: +44 (0) 20 7101 7070
Walbrook PR
Paul Cornelius
Tel: +44 (0) 20 7933 8794
About the Pakrut Gold Project
The Pakrut Gold Project, of which Kryso has 100% ownership, is situated in Tajikistan approximately 112km northeast of the capital city Dushanbe. The Pakrut Gold Project has estimated total JORC compliant resources of 5,020,000 oz Au (assuming a cut-off grade of 0.5 g/t Au) and is located within the Tien Shan gold belt, which extends from Uzbekistan into Tajikistan, Kyrgyzstan and western China, and hosts a number of multi-million ounce gold deposits.
About Tajikistan
Tajikistan is a secular republic located in Central Asia. The country is a member of the Commonwealth of Independent States and the Shanghai Cooperation Organisation. Tajikistan hosts numerous operating precious metal mines as well as the largest aluminium smelter in Central Asia. Kryso's management team has extensive experience in the mining industry in Tajikistan.
Copyright Business Wire 2012