Last checked at 28 Sep 2012 12:23
28 September 2012
Kryso Resources Plc
("Kryso" or the "Company")
Issue of Incentive Options
Kryso Resources Plc (AIM: KYS) announces that it has awarded a total of 4,200,000 options to purchase new ordinary shares of £0.01 each at an exercise price of 30 pence per share to the directors and certain senior employees of the Company.
The options are granted as follows:
(A) Director options:
| Mr. Luo Tao: 800,000 |
| Mr. Weili Tang (David): 800,000 |
| Mr. Li Li (Leonard): 800,000 |
| Mr. Craig Brown: 800,000 |
| Mr. Abuali Ismatov: 800,000 |
(B) Total employee options: 200,000
The options have been awarded as at 28 September 2012 and have been issued to incentivise and retain directors and key senior employees of the Company.
The Directors' total holding of options are now as follows:
| Director | Total Number of Options | Exercise Price | ||||||||
| Luo Tao | 1,400,000 | 600,000 at 16.25 penceand 800,000 at 30 pence | ||||||||
| Weili Tang (David) | 1,400,000 | 600,000 at 16.25 penceand 800,000 at 30 pence | ||||||||
| Li Li (Leonard) | 1,400,000 | 600,000 at 16.25 penceand 800,000 at 30 pence | ||||||||
| Craig Brown | 800,000 | 30 pence | ||||||||
| Abuali Ismatov | 800,000 | 30 pence |
For further information please visit the Company's website (www.kryso.com) or contact:
| Kryso Resources Plc |
| Craig Brown, Managing Director |
| Tel: +44 (0) 20 7349 9160 |
| Investec Bank Plc |
| Jeremy Ellis, Chris Sim, Neil Elliot |
| Tel: +44 (0) 20 7597 5970 |
| XCAP Securities Plc |
| Jon Belliss |
| Tel: +44 (0) 20 7101 7070 |
| Walbrook PR |
| Paul Cornelius |
| Tel: +44 (0) 20 7933 8794 |
About the Pakrut Gold Project
The Pakrut Gold Project, of which Kryso has 100% ownership, is situated in Tajikistan approximately 112km northeast of the capital city Dushanbe. The Pakrut Gold Project has estimated total JORC compliant resources of 5,020,000 oz Au (assuming a cut-off grade of 0.5 g/t Au) and is located within the Tien Shan gold belt, which extends from Uzbekistan into Tajikistan, Kyrgyzstan and western China, and hosts a number of multi-million ounce gold deposits.
About Tajikistan
Tajikistan is a secular republic located in Central Asia. The country is a member of the Commonwealth of Independent States 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 2012