Grant of Options to Director

Bisichi Mining PLC ("Bisichi Mining" or "the Company")             

Bisichi Mining announces that it has today granted options to a director,
Garrett John Casey as set out below, subject to approval by members at a
General Meeting to be held prior to 30 June 2011.

 

Name of Director          Number of Options     Exercise Price              
                                                                            
Garrett John Casey        80,000                £2.025 per share            
                                                                            

The exercise of these options is subject to the growth in group net assets over
the three-year period ending 31 December 2012 exceeding the growth in the
Retail Price Index over the same three-year period by at least 6% (i.e. an
average of 2% per annum). Subject to the satisfaction of this condition, the
options are exercisable from 31 August 2013. No consideration has been paid for
the granting of these options.



Contact:

Andrew Heller, Managing Director

Telephone number: 020 7415 5999 

 

31 August 2010