Sirius Exploration
LSE : SXX

October 12, 2009 08:26 ET

Issue of Equity

For immediate release: 12 October 2009

                                        SIRIUS EXPLORATION Plc
                                ("Sirius Exploration" or "the Company")
                                                   
                                            Issue of Equity

Further to the issue of a total of 2,631,442 options to Old Park Lane Capital Plc in July 2009, Sirius
Exploration announces that it has received two Exercise Notices in relation to the majority  of  these
options.  Therefore,  the Company has issued and alloted 1,315,721 new Ordinary Shares  of  0.25p  per
share ("Ordinary Shares") at 3.25p and 759,279 new Ordinary Shares at 4.5p per share whereby raising a
total  of  £76,928.49.  The monies will be used for general working capital purposes.  Following  this
exercise the Company has 1,381,442 options and warrants outstanding.

Application will be made for the 2,075,000 new Ordinary Shares, which will rank, pari passu, with  all
existing  ordinary shares, to be admitted to trading on AIM and trading in such shares is expected  to
commence on or around 16 October 2009.

Following the issue of the new ordinary shares as set out above, the total number of shares  in  issue
will be 365,580,150.

ENDS

Further Information:
Richard Poulden
Chairman, Sirius Exploration Plc.                      Tel: +971 556 232 672
                                                       Richard.poulden@siriusexploration.com

Jonathan Harrison (Financial Director)                 Mobile: + 44 78 7988 7755
                                                       Jonathan.harrison@siriusexploration.com

Beaumont Cornish
Roland Cornish                                         Tel:  +44 (0)20 7628 3396

Gth media relations
Toby Hall                                              Tel: +44 (0)20 7153 8039
Christian Pickel                                       Tel: +44 (0)20 7153 8036
      
Website: www.siriusexploration.com

Contact Information

  • Sirius Exploration