CN. Canisp

 

TIDMCN. 
 
RNS Number : 8971G 
Canisp PLC 
09 February 2010 
 

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 GBP400,000 of the GBP1.6 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 GBP373,500. 
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)     |     Tel: +44 (0)20 7409 | 
| Simon Raggett / James Harris      |                    3494 | 
|                                   |                         | 
+-----------------------------------+-------------------------+ 
| Keith, Bayley, Rogers & Co        |     Tel: +44 (0)20 3100 | 
| Limited (Broker)                  |                    8300 | 
| Simon Frost / Brinsley Holman     |                         | 
|                                   |                         | 
+-----------------------------------+-------------------------+ 
| Hansard Group                     |    Tel: +44 (0) 20 7245 | 
| John Bick                         |                    1100 | 
|                                   |     +44 (0)787 206 1007 | 
|                                   |                         | 
+-----------------------------------+-------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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