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21 Dec 2016 11:12
21 December, 2016
TETHYAN RESOURCES PLC
GRANT OF OPTIONS
Tethyan Resources PLC ("Tethyan" or the "Company"), announces that options have today been granted to certain directors, as set out below, at an exercise price of 2.4p, and exercisable up until the fifth anniversary of grant:
Name | Number of options
| |
John Proust | 1,000,000 | |
Mike Andrews | 1,000,000 | |
Gokhan Kantarcigil | 200,000 | |
Christopher Goss | 200,000 |
In addition, Fabian Baker, COO of the Company, has been awarded 1,000,000 options on the same terms as described above.
The grant of options is deemed to be a related party transaction for the purposes of Rule 13 of the AIM Rules. Peter Mullens and Didier Fohlen, being the independent directors of the Company for the purposes of the grant of options, consider, having consulted with the Company's Nominated Adviser, that the terms of the grant of options are fair and reasonable insofar as the Shareholders are concerned.
For further information please contact:
Tethyan Resources PLC | +44 1534 881 885 |
Peter Mullens (CEO) | pjm@tethyan-resources.com |
Cairn Financial Advisers LLP | +44 (0) 207 213 0880 |
James Caithie / Sandy Jamieson
|
About Tethyan
Tethyan is an AIM quoted junior exploration company exploring for copper and gold within the Tethyan mineral belt. Tethyan has an experienced Board and technical team. Currently Tethyan holds several licences in Serbia and is looking for other copper and gold projects in Eastern Europe, specifically Serbia and Bulgaria.
Tethyan Resources (TETH)
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