Last checked at 27 Apr 2011 08:45
AURUM MINING PLC
("Aurum" or "the Company")
27 April 2011
Granting of stock options
Further to the announcement made by the Company on 6 April 2011, Aurum confirms that following the successful completion of the placing at 8am today, 3.95 million incentive stock options have been granted to the Directors of the Company. The options represent approximately 3.34 per cent. of the issued share capital of the Company. The exercise price of the options is 3.5p, being the mid-market closing price of the Company's ordinary shares of 1p each on 26 April 2011. The options will be exercisable for a period of five years. Other than in respect of these options, there are no other existing options or warrants outstanding.
The allocation of stock options to Directors is as follows:
Name | Position | New options issued | Total options held on issue of new options |
Sean Finlay | Chairman | 650,000 | 650,000 |
Christopher Eadie | CEO | 2,000,000 | 2,000,000 |
Mark Jones | Director | 650,000 | 650,000 |
Haresh Kanabar | Director | 650,000 | 650,000 |
Contact details:
Aurum Mining plc | Tel: 020 7499 4000 |
Chris Eadie, Chief Executive Officer |
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Fairfax I.S. PLC | Tel: 020 7598 5368 |
Ewan Leggat / Laura Littley |
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