Grant of Stock Options

RNS Number : 5257F

Aurum Mining PLC

27 April 2011

 

AURUM MINING PLC

("Aurum" or "the Company")

27 April 2011

Granting of stock options

Further to the announcement made by the Company on 6 April 2011, Aurum confirms that following the successful completion of the placing at 8am today, 3.95 million incentive stock options have been granted to the Directors of the Company.  The options represent approximately 3.34 per cent. of the issued share capital of the Company. The exercise price of the options is 3.5p, being the mid-market closing price of the Company's ordinary shares of 1p each on 26 April 2011. The options will be exercisable for a period of five years. Other than in respect of these options, there are no other existing options or warrants outstanding.

The allocation of stock options to Directors is as follows:

Name	Position	New options issued	Total options held on issue of new options
Sean Finlay	Chairman	650,000	650,000
Christopher Eadie	CEO	2,000,000	2,000,000
Mark Jones	Director	650,000	650,000
Haresh Kanabar	Director	650,000	650,000

 

Contact details:

Aurum Mining plc	Tel: [phone]
Chris Eadie, Chief Executive Officer
Fairfax I.S. PLC	Tel: [phone]
Ewan Leggat / Laura Littley

 

END

 

 

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