The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksChina Nonferr Regulatory News (CNG)

  • This share is currently suspended. It was suspended at a price of 0.94

Share Price Information for China Nonferr (CNG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.94
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.00 (0.00%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 0.94
CNG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Issue of Incentive Options

8 Jul 2011 11:41

Kryso Resources plc

(`Kryso' or `the Company')

AIM: KYS

Issue of Incentive Options

Kryso Resources plc announces that its Remuneration Committee has awarded a total of 3,400,000 options to the recently appointed directors and senior employees of the Company to purchase new ordinary shares of 1 pence each at an exercise price of 16.25 pence per share.

The options are granted as follows:

(A) Directors options

Mr Luo Tao: 600,000

Mr Weili Tang (David): 600,000

Mr Li Li (Leonard): 600,000

(B) Employee options

Total employee options: 1,600,000

The options have been awarded as at 8 July 2011 and have been issued to incentivise and retain key management and directors of the Company.

The options have been granted in accordance with the rules of the Kryso Resources plc Unapproved Share Option Scheme, and may be exercised after twelve months, and expire after four years.

The Directors' total holding of options are now as follows:

Exercise Price Options
Luo Tao 16.25p 600,000
Weili Tang (David) 16.25p 600,000
Li Li (Leonard) 16.25p 600,000
Craig Brown 10p 800,000
Abuali Ismatov 10p 800,000

For further information please visit the Company's website (www.kryso.com) or contact:

Kryso Resources PLC
Dr Trevor Davenport/Craig Brown Tel: +44 (0)20 7371 0600
Anthony Schindler, Investor Relations Mobile: 07710 178 928
Evolution Securities
Jeremy Ellis/Romil Patel Tel:+44 (0)20 7071 4300
Optiva Securities Limited
Christian Dennis/Jeremy King Tel: +44 (0)20 3137 1902
Walbrook PR
Bob Huxford Tel: +44 (0)20 7933 8780
Mobile: 07900 346 978
Paul Cornelius Tel: +44 (0)20 7933 8794
Mobile: 07827 879 460

About the Pakrut Gold Project

The Pakrut gold project, of which Kryso has 100% ownership, is situated in Tajikistan approximately 112 km northeast of the capital city Dushanbe.

Pakrut has an estimated total Mineral Resource of 3,578,000 oz Au (assuming a cut-off grade of 0.0g/t Au) and is located within the Tien Shan gold belt, which extends from Uzbekistan into Tajikistan, Kyrgyzstan and western China, and which hosts a number of multi-million ounce gold deposits.

Drilling at Pakrut has previously returned numerous encouraging intersections, including the following results released in March 2011:

Ore Zone 1: 21m (\* TW-15.3m) at 7.28 g/t, 24m (TW-17.98m) at 5.39 g/t and 16.5m (TW-12.36m) at 5.57 g/t Au Ore Zone 2: 30m (TW-22.62m) at 4.37 g/t and 42.9m (TW-32.89m)at 2.57 g/t Au Ore Zone 3: 16.5m (TW-13.28m) at 4.48 g/t and 6m (TW-4.92m) at 6.58 g/t Au Ore Zone 6: 4.5m (TW-3.44m) at 18.2 g/t

\* TW - True width / true thickness of ore zone

About Tajikistan

Tajikistan is a secular republic located in Central Asia. The country is a member of the Commonwealth of Independent States (CIS) and the Shanghai Cooperation Organisation. Tajikistan hosts numerous operating precious metal mines as well as the largest aluminium smelter in Central Asia. Kryso's management team has extensive experience in the mining industry in Tajikistan.

Copyright Business Wire 2011

Date   Source Headline
21st Jan 20112:10 pmBUSDirectorate Change
11th Jan 201110:35 amBUSKryso Signs Agreement with China Non-Ferrous Metals International Mining Co. Ltd. ("CNMIM")
10th Jan 20117:00 amBUSUpdate
9th Dec 20102:25 pmBUSDirectorate Change
30th Nov 20109:55 amBUSTotal Voting Rights
3rd Nov 20104:27 pmBUSIssue of Equity
1st Nov 20103:51 pmBUSPosting of Circular
29th Oct 20102:41 pmBUSTotal Voting Rights
28th Oct 20103:29 pmBUSCNMIM receives PRC consent for placing
27th Oct 20102:54 pmBUSNotice of change in shareholdings
20th Oct 201012:46 pmBUSIssue of Equity
14th Oct 201011:17 amBUSPakrut Bankable Feasibility Study Results
11th Oct 20108:14 amPRNIssue of Shares
1st Oct 201010:10 amBUSBFS publication date comfirmed
28th Sep 20106:02 pmBUSExtension of CNMIM Transaction Long Stop Date
24th Sep 20109:09 amPRNIssue of Equity
22nd Sep 20101:35 pmPRNInterim Results
17th Sep 201010:11 amPRNApproval of Kryso Subscription Agreement
15th Sep 20108:49 amPRNIssue of Equity
3rd Sep 20107:39 amPRNExercise of Warrants
2nd Sep 20107:36 amPRNUpdate on Proposed Issue of Equity
5th Aug 20107:00 amPRNDirectorate Change
5th Aug 20107:00 amPRNDirectorate Change
30th Jul 201012:28 pmPRNTotal Voting Rights
30th Jul 201012:28 pmPRNTotal Voting Rights
28th Jul 20107:00 amPRNProposed Issue of Equity and potential project finance
16th Jul 201011:18 amRNSQuarterly Activity Report
6th Jul 20107:45 amPRNExercise of Warrants
2nd Jul 20104:24 pmPRNDirectorate Change
2nd Jul 20104:08 pmPRNDirectorate Change
29th Jun 20107:05 amPRNUpdate to Exclusivity Period
28th Jun 20107:00 amPRNTotal JORC Resources at Pakrut increased
23rd Jun 20102:28 pmPRNNatasa's Request for Board Representation
23rd Jun 201010:24 amRNSFurther re: Kryso board representation
22nd Jun 20107:00 amPRNExclusivity Period
21st Jun 20104:21 pmPRNIssue of Equity
15th Jun 201010:32 amPRNDirectorate Change
11th Jun 20104:03 pmPRNHolding(s) in Company
11th Jun 20101:36 pmRNSAcquisition of significant stake in Kryso
10th Jun 20108:28 amPRNProgress Update
7th Jun 20102:41 pmPRNFinal Results
21st May 20103:10 pmPRNDirectorate Change
20th Apr 201012:25 pmPRNFurther Excellent Drill Intersections from Pakrut
13th Apr 20107:45 amPRNExercise of Warrants
31st Mar 20101:14 pmPRNPakrut Bankable Feasibility Study Update
30th Mar 201011:51 amPRNHolding(s) in Company
18th Mar 20107:41 amPRNExercise of Warrants
9th Mar 201010:36 amPRNHolding(s) in Company
4th Mar 20104:22 pmPRNIssue of Equity
23rd Feb 201010:54 amPRNHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.