24 Jul 2009 16:27
24 July 2009
DIRECTORS' SHARE ISSUE
Tertiary Minerals plc ("Tertiary" or "the Company" - AIM: TYM) announces that on 23 July 2009, the directors agreed to issue new ordinary shares in the Company to two of its directors in lieu of partial payment of salary and fees for the six period ending 30 June 2009.
Accordingly, Patrick Cheetham, Executive Chairman, has been issued with 129,112 new ordinary shares and non-executive director Donald McAlister with 91,713 new ordinary shares. In each case, the shares were issued at an issue price of 2.875 pence per share, being the closing mid-market price of the ordinary shares on 22 July 2009.
Application has been made for the 220,825 new ordinary shares to be admitted to trading on AIM and admission is expected to occur on 6 August 2009.
Following these issues, the total number of ordinary shares in issue will be 88,334,641.
For further information, please contact:
Tertiary Minerals plc
Patrick Cheetham, Executive Chairman Tel: 01625 626203
Seymour Pierce Ltd
Jonathan Wright Tel: 0207 107 8000
Tertiary Minerals (TYM)