Silvanus One Plc

July 14, 2011 07:38 ET

Trading Statement

                                         Silvanus One Plc
                                   ("Silvanus" or the "Company")
                          Trading Statement for 3 months to 30 June 2011

On  15 April 2011, the Directors of the company announced that the company had 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, exercisable within five years of
the issue date.

In  addition, the Company recently announced that it had 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 formalising the relationship  between  the
business and the company.

The directors of the issuer accept responsibility for this announcement.


Marcus Yeoman
Tel:  +44 797 002 8442

Eran Zucker
Tel: +44 20 7562 3373


Contact Information

  • Silvanus One Plc