Issue of Equity

 

TIDMPDF 
 
RNS Number : 6645S 
Pangea DiamondFields PLC 
21 May 2009 
 

 
 
 
 
Pangea DiamondFields plc 
("PDF" or "the Company") 
 
 
Issue of Equity 
 
 
On 9 April 2009, Pangea DiamondFields plc (AIM: PDF), the diamond producer and 
exploration company, announced that it had reached a settlement in respect of 
outstanding commitments associated with the Company's open offer completed in 
February 2009. 
 
 
Further to this settlement and the granting of the necessary shareholder 
approval at the Company's AGM, Pangea has today issued and allotted 38,897,281 
ordinary shares of US$0.005 each ('Shares') at an issue price of 1.324 pence per 
Share. The proceeds of GBP515,000 in respect of this issue of Shares were 
received by the Company on announcement of the settlement. 
 
 
Application for the admission of 38,897,281 Shares to trading on the AIM Market 
of the London Stock Exchange ('Admission') has been made and Admission is 
expected to occur at 8.00 a.m. on 22 May 2009. Following Admission, the Company 
will have 1,781,326,082 Shares in issue. 
 
 
 
 
Further information: 
 
 
+---------------------------+--------------------------+---------------------------+ 
| Pangea DiamondFields plc  | Ambrian Partners Limited | Walbrook PR Ltd           | 
|                           |                          |                           | 
+---------------------------+--------------------------+---------------------------+ 
| Brett Thompson            | Richard Brown / Richard  | Louise Goodeve / Leah     | 
|                           | Greenfield               | Kramer                    | 
+---------------------------+--------------------------+---------------------------+ 
| T: [phone]        | T: [phone]  | T: [phone]   | 
|                           |                          |                           | 
+---------------------------+--------------------------+---------------------------+ 
 
 
 
 
Notes to Editors: 
 
 
About Pangea DiamondFields PLC 
 
 
Pangea DiamondFields plc (AIM: PDF) is an emerging diamond producer and 
exploration company with a portfolio of eight projects each with multiple 
resource targets, located in the Central African Republic, Democratic Republic 
of the Congo, South Africa and Angola. The Company aims to minimise risk by 
diversifying its projects geographically. 
 
 
PDF listed on AIM in October 2006 and is led by a strong management team, with a 
track record for creating shareholder value in mineral exploration. 
 
For more information on PDF, please visit: 
http://www.pangeadiamondfields.com/ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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