Landore Regulatory News (LND)

23 Jan 2008 07:00

Landore Resources Limited23 January 2008 Landore Resources Limited ("Landore" or "the Company") Exercise and Grant of Options Landore is pleased to announce that £294,700 (before and after expenses) hasbeen raised following the exercise of 3,800,000 options in the Company byWilliam Humphries. Following the exercise of these options, William Humphrieswill be interested in 13,950,000 ordinary shares of 1p each in the Company("Ordinary Shares") representing approximately 11.10 per cent. of the Company'sissued share capital. Application will be made for the admission of 3,800,000 new Ordinary Shares totrading on AIM. The new Ordinary Shares will rank pari passu with the existingOrdinary Shares and it is expected that admission will occur at 8.00 a.m. on 29January 2008. Following admission of the new Ordinary Shares, the total number of votingrights in the Company's Ordinary Shares will be 125,632,798, which may be usedby shareholders as the denominator for the calculations by which they willdetermine if they are required to notify their interest in, or a change to theirinterest in, Landore under the Financial Service Authority's Disclosure andTransparency Rules. The Company is also pleased to announce that on 22 January 2008 the Directorsapproved the grant of options over a further 4,500,000 Ordinary Shares toWilliam Humphries. The options are exercisable (in whole or in part) at any timeup to the fifth anniversary of the date of grant and are exercisable at a priceof 13.75 pence per share. Following the grant of these options, WilliamHumphries will hold a total of 5,000,000 options. Enquiries: Bill Humphries / Richard PrickettLandore Resources LimitedTel: 07734 681262Tel: 07775 651421 Simon Raggett / Angela PeaceStrand Partners LimitedTel: 020 7409 3494 David BickTel: 07831 381201 This information is provided by RNS The company news service from the London Stock Exchange