Earthport is pleased to announce that it has raised a further £1,250,000 for the Company through the issue of 4,464,284 new Ordinary Shares of 10p each in the Company at 28p per Ordinary Share.
In addition, as an addendum to the issue of equity announced on 7 March 2007, a further £50,000 was raised for the Company through the issue of 208,333 new Ordinary Shares of 10p each in the Company at 24p per Ordinary Share.
The new Ordinary Shares have been issued and allotted and application has been made for them to be admitted to AIM on 30 May 2007.
The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company.
Following the admission of the new Ordinary Shares, the Company's issued share capital will consist of 51,945,677 Ordinary Shares of 10p each, with voting rights.
This figure may be used by shareholders in the Company, to determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency rules.