Issue of Equity
December 07 2007 - 10:15AM
UK Regulatory
RNS Number:4792J
Dermasalve Sciences PLC
07 December 2007
DermaSalve Sciences plc
Issue of Equity
The Directors of DermaSalve Sciences plc ("DermaSalve" or the "Company")
announce that they have issued and allotted 374,804 ordinary shares of 1p each
(the "New Shares") to Trafalgar Capital Specialized Investment Fund FIS ("
Trafalgar"), pursuant to the receipt of a notice of conversion for an amount of
#15,000 received on 4 December 2007. The issue price is 4.00p in accordance
with the terms of the convertible loan agreement with Trafalgar announced on 5
October 2007.
Application will be made for the New Shares to be admitted to trading on AIM,
which is expected to take place on 13 December 2007. Following the issue of the
New Shares, there are 101,199,463 ordinary shares in issue.
Enquiries:
DermaSalve Sciences plc 0191 260 5070
Phil Pattison, Finance Director
www.dermasalve.com
Hanson Westhouse Limited 0113 246 2610
Tim Feather / Matthew Johnson
This information is provided by RNS
The company news service from the London Stock Exchange
END
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