Teknomining Plc

January 14, 2013 02:00 ET

Clarification Announcement on Loan Conversion

                                                                                   14 January 2013
                                          Teknomining Plc

                                 ("Teknomining" or "the Company")

                           Clarification Announcement on Loan Conversion

Following  on  from  the  announcement dated 10 January 2013, entitled  Conversion  of  Loan  into
Ordinary  Shares, the Board of Directors of Teknomining Plc wish to clarify that pursuant  to  the
Loan  Agreement  dated  9 May 2009 the Company had issued warrants under the  Terms  of  the  Loan
Agreement,  allowing the Lender to subscribe for 1,200,000 Ordinary Shares in the Company  at  the
last  market  traded  price of the ordinary shares on the ISDX before the  Conversion  Notice  was
issued. On the day the Conversion Notice was issued, the last market price was GBP 0.12 per share.
The warrants expire on the 30th June 2014.

The directors of the issuer accept responsibility for this announcement.

Contact Details:

Teknomining Plc
Sean Finlay, Chairman
Phone: +353 1 4959276
Email: seanefinlay@eircom.net
Website: www.teknomining.com

LHM Casey McGrath
Con Casey, Corporate Adviser
Phone: +353 1 495 9200
Email: con.casey@lhmcaseymcgrath.ie

Contact Information

  • Teknomining Plc