Last checked at 24 Apr 2009 10:21
Sunrise Diamonds plc
("Sunrise" or the "Company")
24 April 2009
Nordic agreement concluded
Sunrise is pleased to announce that the agreement reached with Nordic Diamonds Ltd ("Nordic") to acquire 100% ownership of Nordic's Kaavi-Kuopio claims in Finland, announced on 27 January 2009, has been concluded. Sunrise has issued 100,000 Sunrise shares to Nordic in consideration for the 14 claims subject to the agreement and the transfer of the claims has been registered. Sunrise has also granted to Nordic a 1% Gross Overriding Royalty on production of diamonds from the claims.
Application for these shares to be admitted to trading on AIM will be made and trading is expected to commence on Thursday 30 April 2009. Following the issue of these shares, the total issued share capital of Sunrise will be 186,329,787 shares of 0.1p each.
For further information, please contact:
Patrick Cheetham, Sunrise Diamonds plc.
Tel: +44 (0)1625-505947. Mobile: +44 (0)7767-458751
Roxane Marffy, Ruegg & Co Limited
Tel: +44 (0)20 7584 3663