Silvanus One Plc
LSE : SILP

April 15, 2011 11:05 ET

Successful Placing

                                                 
                                         Silvanus One Plc
                                 ("Silvanus One" or the "Company")
                                                 
                                       SUCCESSFUL PLACING
                                                 
The Directors of the Company are pleased to announce that it has today completed a private placing
raising a total of £70,000. The funds were raised through the issue of 13,846,153 ordinary  shares
of  0.001p at a price of 0.325p and by way of zero coupon Convertible Loan Notes 2012, convertible
into 7,692,307 ordinary shares of 0.001p each, at a price of 0.325p (the "Placing"). Additionally,
for  every share issued, each subscriber was issued with one warrant to subscribe for one ordinary
share,  at an exercise price of 0.325p within five years of the issue date. These funds have  been
raised for working capital purposes.

As  part of the placing, Ronaldsway Plc subscribed for 1,538,462 ordinary shares. Marcus Yeoman is
a director of both Silvanus One Plc and Ronaldsway Plc.

As  a result of the above placing, BWA Limited hold 4,615,385 ordinary shares representing 7.6% of
the issued share capital and SF t1ps Smaller Companies Growth Fund holds 7,692,309 ordinary shares
representing 12.67% of the issued share capital. The convertible loan note was issued  to  Worship
Street  Investments Ltd whose holdings in the ordinary shares in the Company do not  change  as  a
result of the issue of this loan note.

Furthermore, the Company would also like to announce that is has issued a secured loan for £45,000
to  SMS Bet Plc (the 'Loan'). The Loan is secured against the entire assets of SMS Bet Plc and  is
redeemable  on 15 April 2012. The Loan has been issued to SMS Bet Plc in order for the Company  to
undertake  due  diligence  on SMS Bet Plc with a view to formalise the  relationship  between  the
business and the Company in the forthcoming weeks.

Following the Placing, the issued share capital of the Company is 60,702,509.

The Directors of the issuer accept responsibility for this announcement.

                                                  --END-

Enquiries:
Silvanus One Plc                Tel:  +44(0)797 002 8442
Marcus Yeoman

Rivington Street Corporate Finance Ltd   Tel: +44(0)20 7562 3373
Eran Zucker
Eran@rs-cf.com



                                                 

Contact Information

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