HGM.L Regulatory News (HGM)

27 Apr 2006 07:01

Highland Gold Mining Limited27 April 2006 The Board of Highland Gold Mining Limited announces that it has approved, witheffect from 26 April 2006, the issue of options over a total of one millionordinary shares to Ivan Koulakov, Executive Deputy Chairman and Henry Horne,Managing Director, who will receive options over 750,000 and 250,000 ordinaryshares respectively. These options are being granted pursuant to the HighlandGold Mining Limited's Unapproved Share Option Scheme. The options areexercisable at a price of £3.02 per share for a period of seven years followingthe date of the grant, beginning twelve months from the date of the grant inrespect of 25% of their entitlement and a further 25% every year thereafteruntil fully vested. For further information, please contact: Highland Gold Mining LimitedAndrey Solovyov +7 095 777 1297 This information is provided by RNS The company news service from the London Stock Exchange