Nyota Minerals Regulatory News (NYO)

19 Mar 2007 07:26

Dwyka Resources Limited19 March 2007 DWYKA RESOURCES LIMITED ('DWYKA' OR THE 'COMPANY') ISSUE OF REPLACEMENT EMPLOYEE OPTIONS The Directors of Dwyka Resources Limited ("Dwyka" or "the Company") announcethat in accordance with the shareholder approval received on 5 January 2007, ithas today issued 950,000 replacement options under the terms of the DwykaResources Option Plan to certain Dwyka Group employees. The options were granted at an issue price of $0.52 and will expire on 30 June2010. The exercise price for the options is intended to be not less than theweighted average of prices at which Dwyka shares were trading on ASX during thefive day trading period immediately preceding the date on which the options aregranted. The employees may only exercise their Options in the following tranches: in respect of: - one half of the options issued, 12 months after the deemed date of the issue of the options (19 March 2008); and - the remaining half of the options issued, 24 months after the deemed date of the issue of the options (19 March 2009). Shares which are issued as a result of the exercise of options granted under theOption plan will rank pari passu in all respects with all shares on issue, andthe Company will apply for quotation of those shares on ASX and AIM. For further information please contact: In Australia Adrian Griffin, Melissa Sturgess Dwyka Resources Limited (+618) 324 2955 In United Kingdom Richard Brown Ambrian Partners Limited (+44) 20 7776 6417 Laurence Read/Leesa Peters Conduit PR (+44) 20 7429 6605/(+44) 20 7429 6600 This information is provided by RNS The company news service from the London Stock Exchange