Last checked at 28 Nov 2022 09:54
28 November 2022
Galileo Resources Plc
("Galileo" or the "Company")
Issuance of share options
Galileo, the exploration and development mining company, announces that options to subscribe for 1,000,000 new ordinary shares of the Company ("Ordinary Shares") were granted on 25 November 2022 to a consultant of the Company at an exercise price of 2.25 pence per share, vesting immediately. The options have a term of five years and any unexercised options will expire at midnight on 25 November 2027.
The option exercise price is at approximately 58% premium to the closing mid-market price as at 24 November 2022 of 1.42 pence.
A copy of this announcement is available on the Company's website www.galileoresources.com.
You can also follow Galileo on Twitter: @GalileoResource.
You can also follow Galileo on Twitter: @GalileoResource
For further information, please contact: Galileo Resources PLC
Colin Bird, Chairman Edward Slowey, Executive Director | Tel +44 (0) 20 7581 4477 Tel +353 (0) 601 4466
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Beaumont Cornish Limited - Nomad Roland Cornish/James Biddle | Tel +44 (0) 20 7628 3396 |
Novum Securities Limited - Joint Broker Colin Rowbury /Jon Belliss | +44 (0) 20 7399 9400 |
Shard Capital Partners LLP - Joint Broker Damon Heath | Tel +44 (0) 20 7186 9952 |