Sunrise Diamonds plc
Notes to the Financial Statements
14. Share capital — continued During the year to 30 September 2009 the following share issues took place:
An issue of 1,835,114 0.1p ordinary shares at 0.475p per share to the three directors for a total consideration of £8,717 (29 January 2009), in satisfaction of directors’ fees.
An issue of 100,000 0.1p ordinary shares at 0.425p per share to Nordic Diamonds Ltd for a total consideration of £425 (23 April 2009), in satisfaction of an agreed fee for the acquisition of exploration claims in Finland.
15. Warrants and options granted Unexercised warrants Issue date 06/06/05 17/12/05 08/12/06 31/10/07 08/12/08
Exercise price 2.00p 3.00p 2.75p 2.00p 0.575p
Number 4,500,000 200,000 1,200,000 1,250,000 6,000,000
Exercisable Any time before expiry Any time before expiry Any time before expiry Any time before expiry Any time from 08/12/09
Expiry dates 06/06/10 17/12/10 08/12/11 31/10/13 08/12/14
Unexercised options Issue date 13/12/05
Exercise price 5.00p
Exercisable Any time before expiry
Expiry dates 13/12/10
An issue of 1,453,590 0.1p ordinary shares at 0.6p per share to the three directors for a total consideration of £8,722 (22 July 2009), in satisfaction of directors’ fees.
Warrants and Options are issued for nil consideration and are exercisable as disclosed above. They are exchangeable on a one for one basis for each ordinary share of 0.1p at the exercise price on the date of conversion.
Share based payments The Company issues warrants and options on varying terms and conditions.
Details of the share warrants and options outstanding during the year are as follows:
Outstanding at start of year Granted during the year Forfeited during the year Exercised during the year Expired during the year
Outstanding at end of year Exercisable at end of year