Sirius Exploration
LSE : SXX

July 14, 2009 08:19 ET

Issue of Equity to raise over £2,600,000

For immediate release: 14 July 2009

                                            Sirius Exploration PLC
                                                       
                                          ("Sirius" or "the Company")
                                                       
                                   Issue of Equity to raise over £2,600,000

Following  on from the recent announcement of a major expansion in its potash interests through the  taking  of
options over shares in Auspotash, Sirius (AIM: SXX, OTC: SRUXY), the diversified mining and exploration holding
company,  is  pleased to announce the issue of 133,949,889 ordinary shares of 0.25p each at 2p with  20  mainly
institutional  investors  to raise a total of £2,678,997.78 (before expenses).  The monies  will  be  used  for
general  working capital purposes and specifically to continue the exploration of the Company's  properties  in
North Dakota and Australia. The Company has indications of interest in further funding to meet the requirements
as the Company's projects progress.

Application  will be made for the 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 20 July 2009.

Following  the issue of the new ordinary shares as set out above, the total number of shares in issue  will  be
267,805,150.

Richard Poulden, Chairman of Sirius, commented:
        "This  placing greatly expands Sirius' institutional shareholder base and means we are well  positioned
        for expansion."

- Ends -

Further Information:

Richard Poulden
Chairman, Sirius Exploration Plc.                        Tel: +971 556 232 672
richard.poulden@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