Distil Regulatory News (DIS)

7 Mar 2006 12:21

Blavod Extreme Spirits PLC07 March 2006 Blavod Extreme Spirits PLC7 March 2006 Issue of Equity Blavod Extreme Spirits plc ('the Company') announces that the Board has, today,issued and allotted a total of 4,263,823 new Ordinary Shares through a Placingto institutional investors at a price of 18.5p per share. The total number ofshares in issue is now 71,379,700. The purpose of this Placing is to provide the Company with adequate workingcapital resources which, when combined with the Company's banking facilities,means the Company will not need to use the Headstart facility (the terms ofwhich were announced on 29 November 2005) for a minimum of twelve months. Jeff Hopmayer, Blavod's CEO said: "Turnover for January and February, along with initial orders received in Marchindicate strong trading over last year and when combined with the fact the 4thquarter is typically the slowest time period for our industry, it shows ourcontinued growth in the US and International market remains very promising." Application will be made for the new shares to be admitted to AIM and trading inthe new shares is expected to commence as soon as practicable. Enquiries: Jeff Hopmayer, Blavod 001 615 771 911Keith Williams, Brewin Dolphin 0113 241 0130Tim Robertson, Cardew Group 020 7930 0777 This information is provided by RNS The company news service from the London Stock Exchange