Last checked at 12 Apr 2012 12:50
12 April 2012 TANGIERS PETROLEUM LIMITED ISSUE OF OPTIONS Tangiers Petroleum Limited (the Company) announces the issue of stock optionsto consultants and an employee of the Company, of which the details are asfollows:Number Terms Expiry Purpose Date
500,000 Unlisted options ex at 2-Apr-15 Consultant options per engagement A$0.50 terms 3,274,124 Unlisted options ex at 2-Apr-15 Consultant options approved at A$0.60 General Meeting held on 26-Mar-12 3,500,000 Unlisted options ex at 2-Apr-15 Consultant options approved at
A$0.70 General Meeting held on 26-Mar-12 300,000 Unlisted options ex at 10-Apr-16 Employee options per employment A$0.70 agreement
Following the issue, the Company has the following securities on issue:
Number Class 100,747,761 Fully paid ordinary shares 44,199,645 ASX-listed Options (TPTOA) exercisable at A$0.16 on or before 31 October 2013 1,000,000 Unlisted options exercisable at A$0.22 on or before 19 July 2014 6,000,000 Unlisted options exercisable at A$0.60 on or before 16 December 2014 1,000,000 Unlisted options exercisable at A$0.22 on or before 16 December 2014 500,000 Unlisted options exercisable at A$0.50 on or before 2 April 2015 3,274,124 Unlisted options exercisable at A$0.60 on or before 2 April 2015 3,500,000 Unlisted options exercisable at A$0.70 on or before 2 April 2015 300,000 Unlisted options exercisable at A$0.70 on or before 10 April 2016 KRYSTEL KIROUJoint Company SecretaryTangiers Petroleum Limited14 Emerald TerraceWest Perth, WA, 6005Ph: +61 (8) 9322 2700Fax: +61 (8) 9322 7211www.tangierspetroleum.comContactsMr Mark CeglinskiChairman+61 8 9263 5205RFC Corporate Finance Limited (Nominated Adviser)Mr Stuart Laing+61 8 9480 2506Old Park Lane Capital PLC (Joint AIM Broker)Mr Michael ParnesMr Luca Tenuta+ 44 20 7493 8188Shore Capital Stockbrokers Ltd (Joint AIM Broker)Mr Jerry KeenMr Bidhi Bhoma+ 44 20 7408 4090Casimir Capital (Principal American Liaison)Mr Stephen Silver+1 212 798 1372
Mr Paul Youens / Mr Ed Portman (Media and Investor Relations - United Kingdom) Tavistock Communications +44 20 7920 3150
Mr Bill Kemmery Fortbridge Consulting +61 400 122 449