Issue of Equity
22 February 2011
Sunrise Resources plc ("the Company")
Issue of Equity
The Company announces that it has allotted and issued 600,000 new ordinary shares pursuant to the exercise of warrants at a price of 0.75p per share. The warrants were issued in June 2010 as part consideration for the acquisition ofexploration data in relation to the Company's Long Lake gold project in Canada.
Application will be made for the 600,000 new ordinary shares to be admitted to trading on the AIM market and such admission is expected to occur on 28 February 2011.
The new ordinary shares will rank pari passu with the existing ordinary shares of the Company.
Following admission, the Company's enlarged issued share capital will comprise 311,202,701 ordinary shares with one voting right per share. There are no shares held in treasury and the total number of voting rights in the Company is therefore 311,202,701.
This figure of 311,202,701 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.
Further Information:
Sunrise Resources plc Tel: +44 (0)845 868 4590
Patrick Cheetham, Executive Chairman Mobile: +44 (0)7767 458751
Northland Capital Partners Limited Tel: +44 (0)20 7492 4750
Gavin Burnell / Rod Venables (Nominated Adviser)
Charles Vaughan (Corporate Broking)
Yellow Jersey PR Tel: +44 (0)20 8980 3545
Dominic Barretto
This information is provided by RNS