Issue of Equity - Further announcement
10 Febrero 2010 - 11:23AM
UK Regulatory
TIDMCN.
RNS Number : 9836G
Canisp PLC
10 February 2010
10 February 2010
Canisp Plc
("Canisp" or the "Company")
Issue of Equity - Further announcement
Further to the announcement released on 9 February 2010 at 18:20 under RNS
numbers 9093G, the Company notes the following modification to the announcement;
"agreed to convert a further GBP40,000" not "GBP400,000" as previously stated.
The full text of the amended announcement can be read below.
Canisp (AIM:CN) today announces that Corvus Capital Limited ("Corvus") has
agreed to convert a further GBP40,000 of the GBP1.6 million convertible debt
announced on 21 April 2008 (the "Convertible Debt") into 40,000,000 ordinary
shares of 0.1p 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 GBP383,500.
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 0.1p 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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