Horizonte Minerals PLC
29 January 2008
Horizonte Minerals plc / Index: AIM / Epic: HZM / Sector: Mining
29th January 2008
Horizonte Minerals plc ('Horizonte' or 'the Company')
Grant of Options
The Company announces the grant of 2,430,000 options over ordinary shares of 1
pence each to various directors and certain senior management. All of the
options granted pursuant to this announcement are exercisable at a price of 14.7
pence per ordinary share, being 15% over the mid-market closing price on 28
January 2008. These options have been issued under the Company's unapproved
Employee Share Option Scheme. The Directors received the following options
Number of options over Exercise price Expiry date Options held following
ordinary shares awarded this notification
David Hall 300,000 14.7 28 January 2018 450,000
Jeremy Martin 300,000 14.7 28 January 2018 450,000
Nicholas Winer 300,000 14.7 28 January 2018 450,000
Allan Walker 300,000 14.7 28 January 2018 450,000
These options are exercisable between one and ten years from the date of grant.
The total number of options outstanding is now 3,310,000 being 8.2 % of the
current issued share capital.
* * ENDS * *
For further information visit www.horizonteminerals.com or contact:
Jeremy Martin/David Hall Horizonte Minerals plc Tel: 020 7495 5446
David Paxton Hichens Harrison Tel: 020 7382 7785
Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7242 4477
John Frain/Fergal Meegan Davy Tel: +353 1 679 6363
Notes to Editors:
Horizonte Minerals Plc is an AIM listed mineral resources exploration group
focused on the discovery, appraisal and development of gold and base metal
deposits in Brazil and Peru. The Company has two primary gold exploration
projects in Brazil, and one silver-zinc-lead project in Peru. The two Brazilian
gold projects, Tangara and Falcao, are located to the south of the highly
prospective Carajas Mineral Province. Both projects cover an area of
approximately 300 sq km and are centred over greenstone belts, with known gold
mineralisation. The scale of these project areas, the overall aerial extent of
the mineralised system and the high density and magnitude of related gold
anomalies (identified in river sediments, surface soils and rocks), indicate the
potential for multiple deposit discoveries.
The silver-zinc-lead project is located in the historic mining district of Cerro
de Pasco in Central Peru. Sampling and limited historic drilling on this project
has demonstrated the high grade potential of this project. Additional projects
include the 4,660 hectare on the prospective Achaean aged Crixas greenstone
belt, where multiple nickel-copper anomalies have been defined and the 25,556
hectare Lontra Ni Project situated in the Araguaia mobile belt, which flanks the
eastern margin of the Carajas Mineral Province of northern Brazil.
This information is provided by RNS
The company news service from the London Stock Exchange
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