Issue of Equity (4889Z)

TIDMPNG

RNS Number : 4889Z

Persian Gold PLC

14 January 2011

PERSIAN GOLD PLC

ISSUE OF EQUITY

The Board of Persian Gold plc (the "Company") announces that it has received notices of exercise from a number of individual holders of warrants over new ordinary shares of the Company ("New Ordinary Shares") at an exercise price of 4p per New Ordinary Share.

Accordingly, the Board has resolved to issue and allot 2,455,000 New Ordinary Shares at a nominal value of 0.25p per New Ordinary Share at a price of 4p each. The Company has received GBP98,200 from the holders of such warrants.

Application will be made to the London Stock Exchange for the admission of the New Ordinary Shares to trading on AIM as soon as the Company's shares are restored to trading on AIM.

Enquiries:

 
 Persian Gold PLC 
 John Teeling, Executive Chairman    +353 (0) 1 8332833 
 Cairn Financial Advisers LLP 
 James Caithie                       +44 (0) 20 7148 7900 
 Alexander David Securities 
  Limited 
 Ian Rice                            +44 (0) 20 7448 9800

This information is provided by RNS

The company news service from the London Stock Exchange

END

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