Issue of Shares

 

TIDMSLV 
 
RNS Number : 2036X 
Sylvania Resources Ltd 
01 December 2010 
 

            Sylvania Resources Limited ('Sylvania' or the 'Company') 
 
                                 ASX, AIM: SLV 
 
                                ISSUE OF SHARES 
 
 
As announced on 29 September 2010, Sylvania entered into a Share Exchange 
Agreement with Africa Asia Capital Limited ("AAC"), a SamancorCr Group company, 
to acquire the remaining 26% interest in Sylvania Metals (Proprietary) Limited 
("Sylvania Metals"), which operates the Sylvania Dump Operation ("SDO") to raise 
Sylvania to 100% ownership of SDO. 
 
On 29 September 2010, Sylvania issued an initial tranche of 7,711,888 shares to 
AAC.  In accordance with shareholder approval received at the Company's General 
Meeting held on Tuesday 23 November 2010, Sylvania is pleased to announce that 
it has issued the remaining tranche of 51,170,663 shares to AAC, in 
consideration for the 26% interest in Sylvania Metals. 
 
Application has been made for 51,170,663 shares to be admitted to trading on the 
AIM market of the London Stock Exchange. Admission is expected to become 
effective at 8.00am on 7 December 2010. Following Admission, the Company will 
have 301,961,805 fully paid ordinary shares on issue. 
 
 
For further information please contact: 
 
In South Africa 
 Terence McConnachie (CEO Sylvania Resources 
Limited) 
 ([phone] 
 
Louis Carroll (FD/Joint Company Secretary) 
 Sylvania Resources 
Limited 
 ([phone] 
 
In Australia 
Richard Rossiter (Chairman) 
 Sylvania Resources Limited 
([phone] 
 
Grant Button (Director/Joint Company Secretary) 
 Sylvania Resources 
Limited 
 ([phone] 
 
In United Kingdom 
 Richard Brown 
 Ambrian Partners Limited 
 +44 (0) 20 
7634 4700 
 
Laurence Read/Beth Harris 
Threadneedle Communications 
[phone] 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 IOEFSLFIFFSSEEE