Last checked at 13 Sep 2012 16:29
Kryso Resources plc
('Kryso' or 'the Company')
AIM: KYS
Issue of Shares
Kryso Resources plc (AIM: KYS) announces that 22,300,000 ordinary shares in the Company have been issued pursuant to the exercise of 300,000 warrants at £0.15 per share and 22,000,000 warrants at £0.21 per share. Aggregate funds of £4,665,000 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 22,000,000 warrants at £0.21 per share. China Nonferrous Metals Int'l Mining Co., Ltd have increased their stake in the Company to 95,333,333 shares representing 30.73% 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 20 September 2012. The new ordinary shares will rank pari passu with the Company's existing ordinary shares. Following admission there will be 310,209,263 ordinary shares in issue.
For further information please contact:
Craig Brown, Kryso Resources plc
Tel: +44 (0) 20 7349 9160
Jeremy Ellis, Investec
Tel: +44 (0) 20 7071 4300
Jon Belliss, XCAP Securities plc
Tel: +44 (0) 207 101 7070
Paul Cornelius, Walbrook PR
Tel: +44 (0)20 7933 8780
Copyright Business Wire 2012