Capital structure following issue of shares
January 21 2011 - 3:38AM
UK Regulatory
TIDMFND
21(st) January 2011
AIM Release
Capital Structure following Issue of Shares
A total of 9,600,569 fully paid ordinary shares has been issued by Finders
Resources Limited (Company) for the following purposes
=-----------------------------------------+-------------------+----------------
Purpose |AUD Price per Share|Number of Shares
=-----------------------------------------+-------------------+----------------
Share placement to certain employees as | |
incentive pursuant to limited recourse | |
loan agreements | 43.0 cents| 4,142,430
=-----------------------------------------+-------------------+----------------
Payment of convertible note interest in | |
accordance with Convertible Note Facility| 41.0 cents| 108,139
=-----------------------------------------+-------------------+----------------
Share placement to certain related | |
parties as incentive pursuant to limited | |
recourse loan agreements and approved at | |
an extraordinary general meeting held on | |
17(th) January 2011 | 43.0 cents| 3,350,000
=-----------------------------------------+-------------------+----------------
Placement of escrowed shares as part | |
consideration to acquire 38,500 shares in| |
Banda Minerals Pty Ltd, now owned 100% by| |
Finders Resources Limited | 39.5 cents| 2,000,000
=-----------------------------------------+-------------------+----------------
TOTAL| | 9,600,569
=-----------------------------------------+-------------------+----------------
The new capital structure of the Company ("Finders", AIM & ASX ticker FND) is as
follows:
| Exercise | Expiry | Number| Number|Number now on
| Price AUD | Date | previously on| Issued| Issue
| | | Issue| |
=--------------+-----------+----------+--------------+-----------+-------------
Listed Fully | | | | |
Paid Ordinary | | | | |
Shares | | | 269,146,997| 9,600,569| 278,747,566
=--------------+-----------+----------+--------------+-----------+-------------
Unlisted | | 16(th) | | |
Options | 30 cents |April 2012| 500,000| -| 500,000
=--------------+-----------+----------+--------------+-----------+-------------
| | 16(th) | | |
| 30 cents |April 2014| 500,000| -| 500,000
=--------------+-----------+----------+--------------+-----------+-------------
| |8(th) May | | |
| 30 cents | 2014 | 2,000,000| -| 2,000,000
=--------------+-----------+----------+--------------+-----------+-------------
| | 23(rd) | | |
| 37 cents |June 2014 | 250,000| -| 250,000
=--------------+-----------+----------+--------------+-----------+-------------
| | 29(th) | | |
| 37 cents |June 2014 | 500,000| -| 500,000
=--------------+-----------+----------+--------------+-----------+-------------
| |29(th) Aug| | |
| 37 cents | 2014 | 250,000| -| 250,000
=--------------+-----------+----------+--------------+-----------+-------------
| | 14(th) | | |
| 37 cents |Sept 2014 | 1,000,000| -| 1,000,000
=--------------+-----------+----------+--------------+-----------+-------------
| | | 5,000,000| -| 5,000,000
=--------------+-----------+----------+--------------+-----------+-------------
Unlisted | | | AUD| | AUD
Convertible | |19(th) Jan+--------------+-----------+-------------
Notes | 36 cents | 2012 | 2,323,972| -| 2,323,972
=--------------+-----------+----------+ | |
further information please contact
Finders Resources Ltd:
Russell Fountain Non-Executive Chairman +61 2 9211 8299
Chris Farmer Managing Director info@findersresources.com
Financial PR / Investor Relations:
Nick Elwes College Hill +44 20 7457 2020
RFC Corporate Finance Ltd - Nomad:
Rob Adamson Managing Director +61 2 9250 0000
Stuart Laing Executive Director +61 8 9480 2500
finnCap - Finders' Broker for the AIM market:
Matthew Robinson Corporate Finance Director +44 20 7600 1658
Joe Lunn Analyst +44 20 7600 1658
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Finders Resources Limited via Thomson Reuters ONE
[HUG#1481350]
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