FND Finders Res.

 
TIDMFND 
 
20 February 2009 
 
   Capital Structure following Unquoted Convertible Note Drawdown 
 
Unquoted convertible notes with a total value of US$ 500,000.00  (A$ 
787,401.57)  have been drawn down by Finders Resources Limited 
(Company) in accordance with the terms and conditions of a 
Convertible Note Facility Agreement totalling up to USD 1,500,000 
(Facility) between the Company and Resource Capital Fund IV L.P. 
(RCF). Details of the Facility were announced on 16 January 2009. 
 
If fully converted, the noteholder would convert: 
1.    The principal outstanding to 1,968,504 of the Finders Resources 
Limited's (Company's) ordinary fully paid shares; and 
2.    The interest coupons into the Company's fully paid ordinary 
shares at a conversion price equal to the 5-day volume weighted 
average price of Company's shares for the 5 trading days before the 
interest payment date. 
 
The capital structure of Finders Resources Ltd ("Finders", AIM & ASX 
ticker FND) following the issue of these Convertible Notes is as 
follows: 
 
+-------------------------------------------------------------------+ 
| Type of Security             | Exercise |   Expiry   | Number in  | 
|                              |  Price   |    Date    |   Issue    | 
|------------------------------+----------+------------+------------| 
| Fully Paid Ordinary Shares   |          |            |            | 
| ("Shares")                   |          |            |            | 
|------------------------------+----------+------------+------------| 
| Total Shares on issue        |          |            | 84,164,335 | 
|------------------------------+----------+------------+------------| 
| Unlisted Options             |  A$0.50  |  20 March  |  3,090,367 | 
|                              |          |    2009    |            | 
|------------------------------+----------+------------+------------| 
|                              |   24p    |  22 March  |  1,322,881 | 
|                              |          |    2009    |            | 
|------------------------------+----------+------------+------------| 
|                              | A$0.6875 |  13 June   |    500,000 | 
|                              |          |    2010    |            | 
|------------------------------+----------+------------+------------| 
| Total Unlisted Options on    |          |            |  4,913,248 | 
| issue                        |          |            |            | 
|------------------------------+----------+------------+------------| 
| Convertible Notes            |          |            |          $ | 
|------------------------------+----------+------------+------------| 
| Total value of convertible   |  A$0.40  | 19 January |  1,536,570 | 
| notes previously on issue    |          | 2012       |            | 
|------------------------------+----------+------------+------------| 
| Convertible notes drawn (US$ |  A$0.40  | 19 January |    787,402 | 
| 500,000). Coupon rate is 12% |          | 2012       |            | 
| per annum payable quarterly. |          |            |            | 
|------------------------------+----------+------------+------------| 
| Total value of convertible   |  A$0.40  | 19 January |  2,323,972 | 
| notes now on issue           |          | 2012       |            | 
+-------------------------------------------------------------------+ 
 
 
For further information please contact 
 
Finders Resources Ltd: 
Russell         Executive Chairman          +61 2 9211 8299 
Fountain 
Chris Farmer    Managing Director           info@findersresources.com 
Financial PR: 
Doug Macdonald  Capital      Group      (in +61 424 255 959 
                Australia) 
Nick Elwes      College Hill (in the UK)    +44 20 7457 2020 
RFC Corporate Finance Ltd - Nomad: 
Rob Adamson     Managing Director           +61 2 9250 0000 
Stuart Laing    Executive Director          +61 8 9480 2500 
FinnCap -  Finders' Broker for the AIM market: 
Mathew Robinson Corporate Finance Director  +44 20 7600 1658 
Joe Lunn        Analyst                     +44 20 7600 1658 
 
=--END OF MESSAGE--- 
 
 
 
 
This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement. 
 

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