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28 Nov 2012 13:10
Sierra Rutile Limited
Block Listing Application to AIM
London, UK, 28 November 2012: Sierra Rutile Limited (AIM:SRX) ("the Company") announces that, application has been made to AIM for a block listing of 22,208,750 ordinary shares of no par value in the Company ('Ordinary Shares').
The application is in respect of Ordinary Shares to be allotted pursuant to the exercise of options under the Company's Share Option Plans as disclosed in the 2011 Annual Report. The issuance of all these options has been previously disclosed in various press releases during 2011 and 2012. The 22,208,750 shares represent the total number of shares that could be issued under all of the Company's Share Option Plans if all outstanding vested options were to be exercised.
Ends
For further information please contact:
Sierra Rutile Limited Joe Connolly, Chief Financial Officer & Company Secretary
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+44 (0)20 7074 1800 |
RBC Capital Markets Nominated Adviser and Joint Corporate Broker Martin Eales / Jonathan Hardy
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+44 (0)20 7653 4000 |
Mirabaud Securities Joint Corporate Broker Peter Krens
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+44 (0)20 7321 2508 |
Kreab Gavin Anderson Andy Jones/ Anthony Hughes |
+44 (0)20 7074 1800 |
Notes to Editors
About Sierra Rutile Limited
Sierra Rutile produces titanium feedstock industrial minerals (primarily rutile, with some associated ilmenite), as well as smaller quantities of zircon. Sierra Rutile's mine, located in the south west of Sierra Leone, is one of the largest natural rutile deposits in the world, with a JORC-Compliant Mineral Resource for measured, indicated and inferred resources for the Sierra Rutile mine of over 600 million tonnes (as at February 2011).
www.sierra-rutile.com
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