Allotment of New Ordinary Sha

RNS Number : 8710Q

Pathfinder Minerals PLC

11 August 2010

 



                                                             PATHFINDER MINERALS PLC

('Pathfinder' or 'the Company')

ALLOTMENT OF NEW ORDINARY SHARES

The Company has today issued and allotted 2,800,000 new ordinary shares of 1p each to warrant holders that have exercised their rights to subscribe for these shares for £42,000.  Following admission of these new shares, the number of Pathfinder's ordinary shares of 1p each in issue will be 49,530,471.

Application has been made for these new ordinary shares, which, when issued, will rank pari passu with the existing ordinary shares in issue, to be admitted to trading on AIM.  This is expected to be on 17 August 2010.

On completion of the above issues the following shareholders will have interests exceeding 3% of the issued share capital of Pathfinder:

Shareholder                                                                                                                                          No. of              Percentage

                                                                                                                                                                   shares                 interest

Sebou Oil Services Limited                                                                                                          6,666,667                 13.46%

Mark Pearson                                                                                                                                     6,666,666                 13.46%

Swandale Limited                                                                                                                            3,333,333                    6.73%

Hornbuckle Mitchell Trustees Limited and Nicholas Trew

as Trustees of the Private Pension Plan of Nicholas Trew                                    3,333,333                    6.73%

Christopher Edwards                                                                                                                      3,000,000                    6.06%

Peter Downer                                                                                                                                    2,800,000                    5.65%

Jacqueline Phelps                                                                                                                            2,800,000                    5.65%

Hill Street Investments Plc                                                                                                          2,333,333                    4.71%

Hornbuckle Mitchell Trustees Limited and Timothy Baldwin

as Trustees of the Private Pension of Timothy Baldwin                                         2,333,333                    4.71%

Nicholas Monson, when aggregated with

the holding of Colston Trustees and Nicholas Monson

as trustees of the Curtis Banks' SIPP for Nicholas Monson                                   1,600,000                    3.23%

For further information please call:

Nicholas Trew                   Pathfinder Minerals Plc                                020 7834 0321

Oliver Rigby                       Daniel Stewart & Company                         020 7776 6581

 

END

 

 

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