Grant of Options to Director

17 Jan 2006 15:41

Chaco Resources PLC17 January 2006 CHACO RESOURCES PLC ("Chaco" or "the Company") Grant of Options to Director The Company announces that, Graeme Stephens, Technical Director, has today beengranted options over 1,000,000 Ordinary 0.1p Shares in the Company, inaccordance with the terms of his employment and as confirmed by the Company'sRemuneration Committee. As stipulated in the Company's Employee Share Option Plan (ESOP), the exerciseprice of 6.86 p per share is the higher of the nominal price of the shares andthe average price over the preceding 5 days. The options must be exercised by 17January 2011. This information is provided by RNS The company news service from the London Stock Exchange