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Vatukoula Gold Mines plc - Conversion of Loan Notes and Exercise of Warrants
03-06-2010
3 June 2010
AIM: VGM
Vatukoula Gold Mines plc
("Vatukoula" or "the Company" or "the Group")
Conversion of Loan Notes and Exercise of Warrants
Vatukoula Gold Mines, the AIM quoted Fijian gold mining producer, announces that application has been made for the admission to AIM ("Admission") of 19,936,613 new ordinary shares of 0.1p each in the Company ("Ordinary Shares"), pursuant to the conversion of £125,000 loan notes and the exercise of warrants. The new Ordinary Shares rank pari passu with the Company's existing issued ordinary shares, and dealings are expected to commence on 10 June 2010.
Following Admission, the Company's enlarged issued share capital will comprise 3,681,140,973 Ordinary shares with one voting right per share. There are no shares held in treasury. The total number of voting rights in the Company is therefore 3,681,140,973.
This figure of 3,681,140,973 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.
Enquiries:
Vatukoula Gold Mines plc
David Paxton + 44 20 7016 7861
Kiran Morzaria
W.H. Ireland Limited
James Joyce + 44 20 7220 1666
Arbuthnot Securities Limited
Richard Johnson + 44 20 7382 7776
Bishopsgate Communications
Michael Kinirons +44 20 7562 3395
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