Only about 0.3% dilution. I am sure we can cope with the issue considering SXX has the potential to be a multi billion dollar company.
For immediate release: 27 August 2010
Sirius Exploration Plc
("Sirius" or the "Company")
Issue of Equity and Options
The Directors of Sirius Exploration Plc (AIM: SXX, OTC: SRUXY), the potash mining group, are pleased to announce that the Company has issued 2,000,000 new Ordinary Shares of 0.25p to satisfy the obligations of the Services Framework Agreement dated 5 May 2010 with CIC Mining Resources Limited.
Application will be made for 2,000,000 new Ordinary Shares, which will when issued rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on AIM; trading is expected to commence on 3 September 2010.
Following the issue of the new Ordinary Shares as set out above, the total number of shares in issue will be 665,300,160.
In addition, the Company has issued 8,500,000 options, exercisable at 4.5p for 5 years from the date of grant to Lee Rodne, JT Starzecki, W Sonnenreich and Pat Griffiths in relation to work conducted for the Company.
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For further information, please contact:
Sirius Exploration Plc
Richard Poulden Tel: +971 504 524 994 begin_of_the_skype_highlighting +971 504 524 994 end_of_the_skype_highlighting
