9 Feb 2010 14:30
9 February 2010
Canisp Plc
("Canisp" or the "Company")
Issue of Equity
Canisp (AIM:CN) today announces that Corvus Capital Limited ("Corvus") has agreed to convert a further £400,000 of the £1.6 million convertible debt announced on 21 April 2008 (the "Convertible Debt") into 40,000,000 ordinary shares of 1.0p each ("New Ordinary Shares"), representing 4.67 per cent of the enlarged issued share capital of the Company. The New Ordinary Shares have been placed with parties unrelated to the Company. Following this conversion, the remaining balance of the Convertible Debt will be £373,500.
In accordance with the terms of the Convertible Debt, the New Ordinary Shares have been allotted and issued at par value. Application for the New Ordinary Shares to be admitted to trading on AIM has been made and is expected to occur at 8.00 a.m. on 15 February 2010. Following this issue there will be 856,547,275 ordinary shares of 1.0 pence each in issue.
For further information contact:
|
|
|
| Strand Hanson Limited (Nomad) Simon Raggett / James Harris
| Tel: +44 (0)20 7409 3494
|
| Keith, Bayley, Rogers & Co Limited (Broker) Simon Frost / Brinsley Holman
| Tel: +44 (0)20 3100 8300 |
| Hansard Group John Bick | Tel: +44 (0) 20 7245 1100 +44 (0)787 206 1007
|