Grant of Options to Directors

RNS Number : 4727S

Greatland Gold PLC

07 November 2013

 



7 November 2013

Greatland Gold plc

Grant of Options to Directors

Greatland Gold plc ("Greatland" or the "Company"), the mineral exploration and development company focused on gold projects in Tasmania and Western Australia, announces that it has granted options over a total of 30,000,000 ordinary shares of 0.1p each in the Company ("Ordinary Shares") (the "Options") to the Company's directors as per the table below:

Director	Number of Options Granted	Total Number of Options held	Holding in the Company's Ordinary Shares	Percentage of the Company's Total Voting Rights
Callum Baxter	20,000,000	20,000,000	10,858,666	1.87%
Andrew Bell*	5,000,000	5,000,000	0	0%
John Watkins	5,000,000	5,000,000	916,666	0.16%

*Andrew Bell does not hold any Ordinary Shares in his own name but, along with John Watkins, is a Director of Regency Mines Plc which holds 1,500,000 Ordinary Shares in the Company representing 0.26% of the Company's total voting rights.

The Options, which were issued on 1 November 2013, will expire on 1 November 2017 and have an exercise price of 0.5p.

The Company currently has 579,232,539 Ordinary Shares in issue with voting rights. Greatland does not hold any shares in treasury. Therefore the total number of voting rights in Greatland is 579,232,539. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

For more information please contact:

Greatland Gold plc

Callum Baxter

Tel  [phone]

Email:  [e-mail]

www.greatlandgold.com

Grant Thornton UK LLP (Nominated Adviser)

Colin Aaronson/David Hignell

Tel  [phone]

SI Capital Limited (Broker)
Nick Emerson/Andy Thacker
Tel  [phone]

RLM Finsbury
Gordon Simpson / Chris Ryall
Tel [phone]

Notes to Editors

Greatland Gold is a mineral exploration and development company based in Australia. The principal activity of Greatland Gold plc is to explore for and develop natural resources, with a focus on gold. The Company currently has six mineral projects located in Australia, including the Ernest Giles, Firetower, Warrentinna, Lisle, Bromus and Lackman Rock projects.  The Company was established in London in 2005 and admitted to AIM in July 2006.

The board seeks to increase shareholder value by the systematic evaluation of its existing assets, as well as the acquisition of suitable exploration and development projects and producing assets.

Greatland has a UK and Australian based board of directors with a head office in London and an exploration office in Australia.

 

END

 

 

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