Grant of warrants

RNS Number : 9493T

Sunrise Resources Plc

20 December 2012

 



Sunrise Resources plc

Grant of Warrants

20 December 2012

Sunrise Resources plc (ticker symbol 'SRES'), the AIM-quoted diversified mineral exploration and development specialist ("the Company"), announces that on 19 December 2012 the Board of the Company granted 6,250,000 warrants to officers and directors of the Company and to employees of Tertiary Minerals plc working on its behalf. The Grant included the following directors of the Company:

Name	Number of warrants granted
Patrick Cheetham (Executive Chairman)	2,000,000
Francis Johnstone (Non-executive Director)	1,000,000
David Swan (Non-executive Director)	1,000,000

Each warrant entitles the holder to subscribe for one new ordinary share at the price of 0.85 pence per share, being the closing mid-market price on the 18 December 2012, and the warrants may be exercised at any time within 4 years from 18 December 2013.

As a result of this issue of warrants the total number of warrants currently held by each Director is as follows:

Name	Number of warrants held
Patrick Cheetham (Executive Chairman)	10,500,000
Francis Johnstone (Non-executive Director)	5,250,000
David Swan (Non-executive Director)	1,000,000

Further information:

Sunrise Resources plc                                                        Tel:  [phone]

Patrick Cheetham, Executive Chairman                   

Northland Capital Partners Limited                                   Tel: [phone]

Gavin Burnell / Edward Hutton

Alice Lane /John-Henry Wicks (Broking)

Yellow Jersey PR Limited                                                  Tel: [phone]

Dominic Barretto                                                      

Note to Editors:

Sunrise Resources plc ('SRES') is a diversified mineral exploration and development specialist. 

The Company's objective is to develop profitable mining operations to sustain the Company's wider exploration efforts and create value for shareholders through the discovery of world-class deposits. 

The Company is evaluating a production opportunity for white barite in south-west Ireland and diamond exploration interests in Finland and Western Australia.

Shares in the Company trade on AIM. EPIC: SRES.

For further information: www.sunriseresourcesplc.com

 

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