Granting of Options

RNS Number : 8895T

Ormonde Mining PLC

05 October 2010

 

05 October, 2010

Ormonde Mining plc

("Ormonde" or "the Company")

Granting of Options

DUBLIN & LONDON: 05 October, 2010 - Ormonde Mining plc has granted options over Ordinary Shares of nominal value Euro0.025 in the Company to Directors on 5 October 2010 as follows:

Director	Options granted on 05 October 2010	Total Options held following grant
Kerr Anderson	1,000,000	3,200,000
Michael Donoghue	1,000,000	2,750,000
Stephen Nicol	2,000,000	3,000,000
John Carroll	750,000	2,950,000

The exercise price for each option is Euro0.066 representing the closing price on the Dublin Stock Exchange on Monday 4^th October 2010, and the options are exercisable at any time up to 4^th October 2020.

For further information:

Ormonde Mining plc

Kerr Anderson, Managing Director Tel: [phone]

Bankside Consultants

Simon Rothschild / Louise Mason Tel: [phone] Mob: [phone]

Davy (Nomad / ESM Adviser)

Fergal Meegan/Roland French Tel: [phone]

Fairfax I.S. PLC (Joint Broker)

Ewan Leggat/Katy Birkin Tel: [phone]

 

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