20 Dec 2012 15:05
Grant of Share Options
Dublin, 20 December 2012, Minco plc (MIO:AIM) the Irish exploration and development company reports the issuance of 8.25 million share options at an exercise price of £0.05 per share, with a five year term expiring December 20, 2017, vesting as to one third immediately, one third on July 2, 2013 and one third on April 2, 2014, to non-executive directors and other consultants, including the following:
Rowan Maule, Director 2,500,000
Pat Downey, Director 1,250,000
Peter McParland, Director 1,250,000
Michael Power, Director 1,250,000
Peter Tyler, geologist 1,250,000
Ben Batson, geologist 750,000
The Company currently has 349,999,988 shares and 3,250,000 options outstanding hereby increasing to 12,500,000 or 3.57% of the issued share capital.
About Minco
Minco Plc, registered in the Republic of Ireland and listed on the AIM Alternative Investment Market of the London Stock Exchange ("MIO"), is an exploration and development company, currently engaged in zinc-lead exploration in the United Kingdom, Ireland and Canada and with investments in zinc‐silver projects in Mexico through holding 30 million shares (~29%) in Xtierra Inc. listed on the TSX Venture Exchange (TSXV-"XAG"). Minco holds 15.4 million shares (~10%) in Buchans Minerals Corporation also listed on the TSXV ("BMC"). Minco also holds a 2% NSR royalty on the Curraghinalt gold property in Northern Ireland which is being explored by Dalradian Resources Inc. (TSX-"DNA").
For further information, www.minco.ie or contact:
John Kearney: Executive Chairman +1 416 362 6686
Terence McKillen: Chief Executive +1 416 362 8243
Danesh Varma: CFO & Company Secretary +44 (0) 8452 606 034
Peter McParland: Director - Ireland +353 (0)46 907-3709
John Frain/Fergal Meegan: (NOMAD) Davy +353 (0)1 6796363
Chris Rourke/ Guy Wheatley: (Corporate Advisor| Broker)
Beaufort International, London +44 (0)20 7382 8387