Grant of Options and Warrants

30 Apr 2007 15:51

Metals Exploration PLC30 April 2007 30 April 2007 Metals Exploration PLC Grant of Options and Warrants Metals Exploration PLC ('the Company') announces that at a Board Meeting held on30 April 2007 it was agreed to grant the following options and warrants to CEOJonathan Beardsworth: Options ("Options") to subscribe for a total of 2,000,000 Ordinary Shares of 1peach, under the Company's Unapproved Share Options Scheme 2005, exercisable at26.25p per share. The Options are exercisable after three years. Warrants ("Warrants") to subscribe for a total of 2,500,000 Ordinary Shares of1p each, exercisable as follows: 1,000,000 Warrants exercisable after 12 months at 26.25p per share. 1,000,000 Warrants exercisable after 24 months at 39.375p per share. 500,000 Warrants exercisable after 36 months at 52.5p per share. For further information, please contact: Steven Smith +44 (0) 7797 721 858Chairman, Metals Exploration PLC Jonathan Anderson +44 (0) 7950 410 680Investor relations Adrian Hadden +44(0) 20 7523 8350Collins Stewart Europe Limited Simon Rothschild / Marc CohenBankside Consultants +44 (0) 20 7367 8888 This information is provided by RNS The company news service from the London Stock Exchange