20 Sep 2013 14:50

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Patagonia Gold PLC
("Patagonia Gold" or "the Company")
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Grant of Options
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On 19 September 2013, the Board agreed to grant options over 6,000,000 ordinary shares of 1p each ("Options") under the Company's share option arrangements, of which 5,000,000 Options were granted to a Director, being Carlos Miguens, Non-Executive Chairman. The Options are exercisable (in whole or in part) at any time up to the tenth anniversary of the date of grant and are exercisable at a price of 11.75p per ordinary share, being the closing mid-market share price on 18 September 2013.
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Following the grant of Options, Mr Miguens is interested in 24,500,000 options over ordinary shares in the Company.
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Enquiries:
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Bill Humphries, CEO
Patagonia Gold Plc
Tel: +44 (0)20 7409 7444
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David Bick / Mark Longson
Square 1 Consulting
+44 (0)20 7929 5599
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Angela Hallett/James Spinney
Strand Hanson Limited
Tel: +44 (0)20 7409 3494
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Rory Scott
Mirabaud Securities LLP
Tel: +44 (0)20 7484 3510