Transaction in Own Shares

7 Feb 2007 16:49

Chaco Resources PLC07 February 2007 Chaco Resources Plc ('Chaco' or the 'Company') Director's Grant of Options Nicola Brookes, who is the Company's Finance Director, was granted options bythe Board on 5 February 2007 ("Grant Date") over 1,000,000 Ordinary Shares of0.1p each at an exercise price of 11.1p. This price is the average mid-marketprice of the shares on the 5 business days immediately preceding Grant Date, asset out in the Company's share option scheme. These options are exercisable for a period of seven years from the Grant Date. For further information: Nicola Brookes, Finance Director Tel: 01494 431 195Chaco Resources plc Oliver Rigby Tel: 020 776 6550Daniel Stewart & Company plc This information is provided by RNS The company news service from the London Stock Exchange