Director/PDMR Shareholding

RNS Number : 0528M

Athol Gold Limited

09 August 2011

 



FOR IMMEDIATE RELEASE                                                        09 August 2011

ATHOL GOLD LIMITED

("Athol Gold" or the "Company")

ALLOTMENT OF NEW ORDINARY SHARES

The Board of Athol Gold announces that it has today agreed an allotment of 731,031 new ordinary shares of 0.25p each ("Ordinary Shares") at a price of 1.04p per Ordinary Share to the directors of the company in lieu of service fees from 19 October 2010 to 31 March 2011, and an allotment of 1,359,648 new Ordinary Shares of 1p each at a price of 0.57p per Ordinary Share to its directors in lieu of their fees for 1 April 2011 to 30 June 2011.  The issue prices of these shares represent the mid-market prices of the Company's shares on 31 March 2011 and 30 June 2011 respectively.

Application will be made for 2,090,679 new Ordinary Shares in Athol, which, when issued, will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on AIM. This is expected to be on 15 August 2011.

The application for new ordinary shares comprises 883,131 shares to Jennifer Allsop, 694,396 shares to Alastair Ford and 513,152 shares to Robin Andrews.

On completion of the above transactions:

Jennifer Allsop will have an interest in 883,131 Ordinary Shares representing 0.19% of issued share capital of Athol.

Alastair Ford will have an interest in 694,396 Ordinary Shares representing 0.12% of the issued share capital of Athol.

Robin Andrews will have an interest in 513,152 Ordinary Shares representing 0.09% of the issued share capital of Athol.

Following the issue of these shares, the Company's enlarged issued share capital will comprise 577,430,360 ordinary shares with one vote per share.

For further information please call:

Athol Gold Limited
Jennifer Allsop	[phone]
T1ps Investment Management (IoM) Ltd
Tom Winnifrith	[phone]
Libertas Capital
Sandy Jamieson	0207 569 9650
Bishopsgate Communications
Laura Stevens / Giang Nguyen	0207 562 3350

 

END

 

 

RDSLLFVETAIAIIL