Nyota Minerals Regulatory News (NYO)

2 Feb 2007 08:50

Dwyka Diamonds Limited02 February 2007 DWYKA DIAMONDS LIMITED SHARE PURCHASE PLAN Further to the announcement made by the Company on 17 January 2007, the Companyannounces that it is today making an offer ("Offer") to persons registered asholders of Dwyka shares as at 5:00pm (Western Australian summer time) on 5February 2007 ("Record Date") for such persons to subscribe for up to A$5,000worth of Dwyka shares at A$0.31 each pursuant to a shareholder Share PurchasePlan ("SPP"). The key terms and conditions of the Offer are as follows: - The Offer is being made to all persons registered as holders of shares as atthe Record Date who have an address (as recorded in the Company's register ofmembers) in Australia, New Zealand or the United Kingdom, or in any otherjurisdiction in which it is lawful and practical for the Company to offer and toissue shares under the SPP ("Eligible Shareholders"). The Offer is not made inany jurisdiction in which, or to any person to whom, it would not be lawful tomake the Offer ; - The closing date for the Offer ("Closing Date") is 5:00pm (Western Australiansummer time) on 2 March 2007; - The Offer is non-renounceable, meaning that Eligible Shareholders cannottransfer their entitlement to purchase shares under the Offer to another person; - Eligible Shareholders may accept the Offer by returning a completedEntitlement and Application Form, together with a cheque for the purchase price(in A$) for the number of shares applied for, on or before the Closing Date; - The issue price in relation to the Offer is A$0.31, which represents adiscount of 34.4% on the trading price over the 5 days on which sales of Dwykashares were recorded on ASX prior to 2 February 2007 (the date of the Offer), ofA$0.472; - The maximum number of shares for which an Eligible Shareholder may subscribeunder the Offer is 16,129 shares and the minimum number of shares that may besubscribed for is 1,613 shares (equating to A$500 worth of shares); - No brokerage, commissions or other transaction costs will be payable byEligible Shareholders in respect of their application for, and allotment of,shares under the SPP; -The Offer is underwritten by Montagu Stockbrokers Pty Ltd; and- The Companyintends to issue and allot shares under the SPP on 12 March 2007. A copy of the Offer document is available on the Company's website atwww.dwykadiamonds.com. In addition, the Offer document will be sent to EligibleShareholders shortly. For further information please contact: In Australia Mike LangoulantDwyka Diamonds Limited(+618) 324 2955 In United Kingdom Richard 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 Exchange