Grant of New Options and Directors' Dealings

Golden Metal Resources PLC

27 December 2023

 

Golden Metal Resources plc

('Golden Metal' or the 'Company')

Grant of New Options and Directors' Dealings

Golden Metal Resources plc (LON:GMET/OTCQB:GMTLF), a strategic mineral exploration and development company focused on Nevada, US, announces that it has granted options over 3.9 million new ordinary shares of 1 pence each in the Company ("Ordinary Shares"), representing approximately 4.6 per cent. of the existing issued share capital of the Company, to certain Directors, employees and advisors to subscribe for new Ordinary Shares at an exercise price of 14p with a life to expiry of 3 years from 22 December 2023 with an immediate vesting period (the "New Options").

Further details on the grant of the New Options are provided below and recognise the contribution made by the team to the rapid development of the Company and the strategic current value of its broad-spectrum natural resource focused exploration and development portfolio.

2.5 million of the New Options have been granted to Golden Metal board directors (the "Director Options"). The Director Options, along with a summary of existing options held are outlined in the table below:

Director Options Granted

Director	Existing options	New Options granted	Exercise price (p) of New Options	Expiry date of New Options	Total options following award of New Options
Oliver Friesen	2,104,859	500,000	14p	21.12.26	2,604,859
David Ovadia		500,000	14p	21.12.26	500,000
J.T. Starzecki		500,000	14p	21.12.26	500,000
Mark Burnett		500,000	14p	21.12.26	500,000
Mick Billing		500,000	14p	21.12.26	500,000
Total	2,104,859	2,500,000			4,604,859

A new pool totalling 1.4 million New Options has been granted to Golden Metal employees and advisors, to be allocated in line with the Board's instructions to non-Board team members, and with the same terms as the Director Options above.

PDMR DISCLOSURE

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the director's share dealing.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Oliver Friesen
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Golden Metal Resources plc
b)	LEI	213800J4SKZAMUEPGW34
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	ordinary shares of 1p each
	Identification code	ISIN: GB00BPQY8R36
b)	Nature of the transaction	Issue of Options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			14p	500,000
d)	Aggregated information
	- Aggregated volume	500,000
	- Price	14p
e)	Date of the transaction	22 December 2023
f)	Place of the transaction	Off Market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Ovadia
2	Reason for the notification
a)	Position/status	Chairman
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Golden Metal Resources plc
b)	LEI	213800J4SKZAMUEPGW34
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	ordinary shares of 1p each
	Identification code	ISIN: GB00BPQY8R36
b)	Nature of the transaction	Issue of Options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			14p	500,000
d)	Aggregated information
	- Aggregated volume	500,000
	- Price	14p
e)	Date of the transaction	22 December 2023
f)	Place of the transaction	Off Market

Details of the person discharging managerial responsibilities / person closely associated
Name	J. T. Starzecki
Reason for the notification
Position/status	Non-Executive Director
Initial notification /Amendment	Initial Notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Name	Golden Metal Resources plc
LEI	213800J4SKZAMUEPGW34
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
Description of the financial instrument, type of instrument	ordinary shares of 1p each
Identification code	ISIN: GB00BPQY8R36
Nature of the transaction	Issue of Options
Price(s) and volume(s)
		Price(s)	Volume(s)
		14p	500,000
Aggregated information
- Aggregated volume	500,000
- Price	14p
Date of the transaction	22 December 2023
Place of the transaction	Off Market

Details of the person discharging managerial responsibilities / person closely associated
Name	Mark Burnett
Reason for the notification
Position/status	Non-Executive Director
Initial notification /Amendment	Initial Notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Name	Golden Metal Resources plc
LEI	213800J4SKZAMUEPGW34
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
Description of the financial instrument, type of instrument	ordinary shares of 1p each
Identification code	ISIN: GB00BPQY8R36
Nature of the transaction	Issue of Options
Price(s) and volume(s)
		Price(s)	Volume(s)
		14p	500,000
Aggregated information
- Aggregated volume	500,000
- Price	14p
Date of the transaction	22 December 2023
Place of the transaction	Off Market

Details of the person discharging managerial responsibilities / person closely associated
Name	Mick Billing
Reason for the notification
Position/status	Non-Executive Director
Initial notification /Amendment	Initial Notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Name	Golden Metal Resources plc
LEI	213800J4SKZAMUEPGW34
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
Description of the financial instrument, type of instrument	ordinary shares of 1p each
Identification code	ISIN: GB00BPQY8R36
Nature of the transaction	Issue of Options
Price(s) and volume(s)
		Price(s)	Volume(s)
		14p	500,000
Aggregated information
- Aggregated volume	500,000
- Price	14p
Date of the transaction	22 December 2023
Place of the transaction	Off Market

 

END