Patagonia Gold Regulatory News (PGD)

24 Jul 2006 07:01

Patagonia Gold PLC24 July 2006 Patagonia Gold Plc Additional Listing /Director Shareholding Patagonia Gold Plc ("Patagonia Gold" or the "Company"), the South Americanmining explorer, announces that on 21 July 2006 it allotted 5,200,000 newordinary shares of 1p each in the Company ("Ordinary Shares") pursuant to theconversion by the noteholders of £520,000 of unsecured convertible loan notes2007 (the "Loan Notes"), being all such Loan Notes which were originally issuedon 8 December 2004. The noteholders, who are all members of the Miguens/Bemberg family andassociates, include Carlos Miguens and Gonzalo Tanoira, who are both directorsof Patagonia Gold. Mr Miguens and Mr Tanoira have been allotted a further988,000 and 364,000 new Ordinary Shares respectively. As a result of theconversion Mr Miguens now has a beneficial interest in 40,596,950 OrdinaryShares, representing approximately 14.86 per cent of the Company's issued sharecapital and Mr Tanoira now has a beneficial interest in 4,359,437 OrdinaryShares representing approximately 1.6 per cent. of the Company's issued sharecapital. Application has been made for admission of the Ordinary Shares arising from theconversion of the Loan Notes to trading on the AIM market of the London StockExchange. It is expected that admission will become effective and that dealingswill commence in the Ordinary Shares on 27 July 2006. Enquiries:Patagonia GoldRichard Prickett/William HumphriesTel: +44(0)20 7409 7444 www.patagoniagold.com This information is provided by RNS The company news service from the London Stock Exchange