23 Aug 2012 07:00
Sierra Rutile Limited
Exercise of Stock Options
London, UK, 23 August 2012: Sierra Rutile Limited, announces that 500,000 ordinary shares of no nominal value ("Ordinary Shares") have been issued following the exercises of options issued under the Company's 2011 Share Option Plan.
Following Admission of the new shares the revised total number of shares in issue will be 510,005,000. Application has been made for the new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 30 August 2012.
ENDS
For Further Information:
Sierra Rutile Limited Joe Connolly, Chief Financial Officer & Company Secretary
| +44 (0)20 7074 1800 |
RBC Capital Markets Nominated Adviser and Joint Corporate Broker Martin Eales / Jonathan Hardy
| +44 (0)20 7653 4000 |
Mirabaud Securities Joint Corporate Broker Peter Krens
| +44 (0)20 7321 2508 |
Kreab Gavin Anderson Fergus Wylie/ 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