Capital Structure
07 Mai 2009 - 8:54AM
UK Regulatory
TIDMFND
AIM Release
7 May 2009
Capital Structure following Cash Placement, Conversion of Directors'
Loans and Issue of Shares to pay Convertible Note interest
Ordinary fully paid shares totaling 21,559,114 have now been placed
by Finders Resources Limited (Company) for AUD 20 cents or GBP 9
pence cash each, being the second tranche of the $5.6 million fund
raising announced 20 March 2009 on AIM.
Directors and their related entities also converted loans payable by
the Company into ordinary fully paid shares for AUD 20 cents each, as
follows:
+--------------------------------------------------------------------------+
|Director | Previous|New Advance| Number of| Previous| New Number|
| | Advance| including| Shares| Number of| of Shares|
| | including| interest|Issued (AUD|Shares held| held by|
| |interest held| held by| 20 cents|by Director|Director or|
| |by Director or|Director or| each)| or a| a related|
| | a related| a related| | related| entity|
| | entity[1]| entity| | entity| |
| | AUD| AUD| | | |
|-----------+--------------+-----------+-----------+-----------+-----------|
|Russell | 206,027.20| -| 1,030,136| 6,414,535| 7,444,671|
|Fountain | | | | | |
|-----------+--------------+-----------+-----------+-----------+-----------|
|Stephen de| 206,027.20| -| 1,030,136| 2,388,664| 3,418,800|
|Belle | | | | | |
|-----------+--------------+-----------+-----------+-----------+-----------|
|Christopher| 81,898.60| -| 409,493| 5,556,202| 5,965,695|
|Farmer | | | | | |
|-----------+--------------+-----------+-----------+-----------+-----------|
|Robert | 103,013.60| | 515,068| 13,428| 528,496|
|Thomson | | | | | |
|-----------+--------------+-----------+-----------+-----------+-----------|
| | 596,966.60| -| 2,984,833| | |
+--------------------------------------------------------------------------+
The capital structure of Finders Resources Ltd ("Finders", AIM & ASX
ticker FND) following the issue of these Shares is as follows:
+-------------------------------------------------------------------+
| Type of Security | Price per | | Number on Issue |
| | security | | |
|------------------------------+--------------+---+-----------------|
| Fully Paid Ordinary Shares | | | |
| ("Shares") | | | |
|------------------------------+--------------+---+-----------------|
| Total Shares previously on | | | 90,852,468 |
| issue | | | |
|------------------------------+--------------+---+-----------------|
| Shares now issued | GBP 9 pence | | 3,000,000 |
|------------------------------+--------------+---+-----------------|
| Shares now issued | AUD 20 cents | | 18,559,114 |
|------------------------------+--------------+---+-----------------|
| Shares now issued to | | | |
| Directors to convert | AUD 20 cents | | 2,984,833 |
| Advances | | | |
|------------------------------+--------------+---+-----------------|
| Shares now issued to pay | | | |
| interest on convertible | AUD 29 cents | | 150,873 |
| notes | | | |
|------------------------------+--------------+---+-----------------|
| Shares now issued to pay | | | |
| interest on convertible | AUD 33 cents | | 1,385 |
| notes | | | |
|------------------------------+--------------+---+-----------------|
| Total Shares now on issue | | | 115,548,673 |
+-------------------------------------------------------------------+
+-------------------------------------------------------------------+
| Type of Security | Exercise | Expiry Date | Number on |
| | Price | | Issue |
|--------------------------+--------------+-------------+-----------|
| Unlisted Options | | | |
|--------------------------+--------------+-------------+-----------|
| Options previously on | AUD 68.75 | 13 June | 500,000 |
| issue | cents | 2010 | |
|--------------------------+--------------+-------------+-----------|
| Options now on issue | | | 500,000 |
|--------------------------+--------------+-------------+-----------|
| Options previously on | AUD 30 cents | 16 April | 500,000 |
| issue | | 2012 | |
|--------------------------+--------------+-------------+-----------|
| Options now on issue | | | 500,000 |
|--------------------------+--------------+-------------+-----------|
| Options previously on | AUD 30 cents | 16 April | 500,000 |
| issue | | 2014 | |
|--------------------------+--------------+-------------+-----------|
| Options now on issue | | | 500,000 |
|--------------------------+--------------+-------------+-----------|
| Total Unlisted Options | | | 1,500,000 |
| on issue | | | |
|--------------------------+--------------+-------------+-----------|
| Convertible Notes | | | AUD |
|--------------------------+--------------+-------------+-----------|
| Total value of | AUD 37 cents | 19 January | 2,323,972 |
| convertible notes now on | | 2012 | |
| issue | | | |
+-------------------------------------------------------------------+
For further information please contact
Finders Resources Ltd:
Russell Executive Chairman +61 2 9211 8299
Fountain
Chris Farmer Managing Director info@findersresources.com
Financial PR:
Doug Macdonald Capital Group (in +61 424 255 959
Australia)
Nick Elwes College Hill (in the UK) +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:
Mathew Robinson Corporate Finance Director +44 20 7600 1658
Joe Lunn Analyst +44 20 7600 1658
[1] Loans incurred interest at the rate of 10% per annum.
=--END OF MESSAGE---
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
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