Patagonia Gold Regulatory News (PGD)

26 Jan 2006 18:23

Patagonia Gold PLC26 January 2006 Patagonia Gold Plc Directors' Interests Patagonia Gold Plc ("Patagonia Gold" or the "Company"), the South American mining explorer, announces that, following completion of the placing and admission of 15,625,000 new ordinary shares of 1p each in the Company ("Ordinary Shares") to trading on AIM, which was announced on 17 January 2006, it has been notified of the following transactions by Directors in its Ordinary Shares. +--------------+---------------+-------------+------------+-------------+------+|Director | Placing Shares|% of enlarged|Shareholding|% of enlarged|Note || | Subscribed at|issued share| immediately|issued share| || |16p per share | capital | following| capital | || | | | admission | | |+--------------+---------------+-------------+------------+-------------+------+|Sir John | | | | | ||Craven | 1,562,500 | 0.58% | 2,562,500 | 0.96% | 1 |+--------------+---------------+-------------+------------+-------------+------+|Carlos Miguens| 2,668,568 | 1.00% |39,608,950 | 14.78% | 2 |+--------------+---------------+-------------+------------+-------------+------+|William | | | | | ||Humphries | 390,625 | 0.15% | 6,890,625 | 2.57% | 3 |+--------------+---------------+-------------+------------+-------------+------+|Richard | | | | | ||Prickett | 390,625 | 0.15% | 6,374,888 | 2.38% | 4 |+--------------+---------------+-------------+------------+-------------+------+ Notes: 1. As previously announced, Sir John Craven also holds an option over1,500,000 Ordinary Shares. As at 24 January 2006, Sir John Craven has a totaldisclosable interest in 4,062,500 Ordinary Shares, representing 1.52% of theissued share capital of the Company. 2. As previously announced, Carlos Miguens also holds an option over1,500,000 Ordinary Shares and £98,800 Unsecured Convertible Loan Notes 2007issued by the Company. As at 24 January 2006, Carlos Miguens has a totaldisclosable interest in 41,108,950 Ordinary Shares, representing 15.35% of theissued share capital of the Company, and £98,800 Unsecured Convertible LoanNotes 2007, representing 19.0% of the total loan notes currently in issue. 3. As previously announced, William Humphries also holds options over3,500,000 Ordinary Shares. As at 24 January 2006, William Humphries has a totaldisclosable interest in 10,390,625 Ordinary Shares, representing 3.88% of theissued share capital of the Company. 4. As previously announced, Richard Prickett also holds options over2,906,000 Ordinary Shares, and is the beneficiary of awards over the assets ofthe Company's Employee Benefit Trust in respect of 500,000 Ordinary Shares withan initial value of £62,250. As at 24 January 2006, Richard Prickett has a totaldisclosable interest in 9,280,888 Ordinary Shares, representing 3.46% of theissued share capital of the Company, and awards over the assets of the Company'sEmployee Benefit Trust in respect of 500,000 Ordinary Shares with an initialvalue of £62,250. 26 January 2006 Contact: J P Gorman, Company Secretary Tel: 020 7935 0027 This information is provided by RNS The company news service from the London Stock Exchange