Last checked at 8 Dec 2009 07:00
Tertiary Minerals plc (or the "Company")
Grant of Warrants
8 December 2009
Tertiary Minerals plc announces that on 7 December 2009 it has granted 2,900,000 warrants to employees and directors of the Company. The grants included the following directors:
| Name | Number of warrants granted |
| Patrick Cheetham (Executive Chairman) | 1,500,000 |
| David Whitehead (Non-executive Director) | 300,000 |
| Donald McAlister (Non-executive Director) | 300,000 |
Each warrant is convertible to one new ordinary share at the price of 4.375 pence per share (the closing mid-market price on 7 December 2009) at any time within 4 years from 7 December 2010.
As a result of this issue of warrants the total number of warrants currently held by each Director is as follows:
Patrick Cheetham : 4,000,000
David Whitehead : 700,000
Donald McAlister : 700,000
Enquiries:
Patrick Cheetham, Tertiary Minerals plc 01625 626203
Jonathan Wright, Seymour Pierce Ltd 020 7107 8000