HZM.L Regulatory News (HZM)

29 Jan 2008 13:32

Horizonte Minerals PLC29 January 2008 Horizonte Minerals plc / Index: AIM / Epic: HZM / Sector: Mining 29th January 2008 Horizonte Minerals plc ('Horizonte' or 'the Company') Grant of Options The Company announces the grant of 2,430,000 options over ordinary shares of 1pence each to various directors and certain senior management. All of theoptions granted pursuant to this announcement are exercisable at a price of 14.7pence per ordinary share, being 15% over the mid-market closing price on 28January 2008. These options have been issued under the Company's unapprovedEmployee Share Option Scheme. The Directors received the following options Number of options over Exercise price Expiry date Options held following ordinary shares awarded this notificationDavid Hall 300,000 14.7 28 January 2018 450,000Jeremy Martin 300,000 14.7 28 January 2018 450,000Nicholas Winer 300,000 14.7 28 January 2018 450,000Allan Walker 300,000 14.7 28 January 2018 450,000 These options are exercisable between one and ten years from the date of grant.The total number of options outstanding is now 3,310,000 being 8.2 % of thecurrent issued share capital. * * ENDS * * For further information visit www.horizonteminerals.com or contact: Jeremy Martin/David Hall Horizonte Minerals plc Tel: 020 7495 5446 David Paxton Hichens Harrison Tel: 020 7382 7785 Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7242 4477 John Frain/Fergal Meegan Davy Tel: +353 1 679 6363 Notes to Editors: Horizonte Minerals Plc is an AIM listed mineral resources exploration groupfocused on the discovery, appraisal and development of gold and base metaldeposits in Brazil and Peru. The Company has two primary gold explorationprojects in Brazil, and one silver-zinc-lead project in Peru. The two Braziliangold projects, Tangara and Falcao, are located to the south of the highlyprospective Carajas Mineral Province. Both projects cover an area ofapproximately 300 sq km and are centred over greenstone belts, with known goldmineralisation. The scale of these project areas, the overall aerial extent ofthe mineralised system and the high density and magnitude of related goldanomalies (identified in river sediments, surface soils and rocks), indicate thepotential for multiple deposit discoveries. The silver-zinc-lead project is located in the historic mining district of Cerrode Pasco in Central Peru. Sampling and limited historic drilling on this projecthas demonstrated the high grade potential of this project. Additional projectsinclude the 4,660 hectare on the prospective Achaean aged Crixas greenstonebelt, where multiple nickel-copper anomalies have been defined and the 25,556hectare Lontra Ni Project situated in the Araguaia mobile belt, which flanks theeastern margin of the Carajas Mineral Province of northern Brazil. This information is provided by RNS The company news service from the London Stock Exchange