Directors' Dealings

RNS Number : 8406W

Aurum Mining PLC

26 November 2010

 



AURUM MINING PLC ("Aurum" or the "Company")

26 November 2010

DIRECTORS' DEALINGS

Aurum announces that, on 25 November 2010, certain Directors of the Company exercised options over 2,500,000 ordinary shares of 1p each in the Company ("Shares"), as set out below:

Director	Options exercised	Exercise  price	Resultant  Shareholding	%
Mark Jones	2,000,000	8p	2,413,612	4.7
Chris Eadie	500,000	14p	500,000	1.0

The percentage holdings shown above are calculated by reference to 51,483,275 Shares in issue, being the enlarged number of Shares in issue following this exercise of these options, together with the recent exercise of warrants by certain warrantholders.

Application has been made to the London Stock Exchange for the admission to trading of the new Shares, which is expected to occur on 1 December 2010 ("Admission").

The new Shares rank pari passu with all the other 1p ordinary shares in issue, including ranking for the forthcoming capital distribution of the Company.

Following Admission the Company will have 51,483,275 Shares in issue, each with voting rights, which 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 FSA's Disclosure and Transparency Rules.

 For further information:

Aurum Mining plc                             020 7499 4000

Mark Jones, Chief Executive

Chris Eadie, Chief Financial Officer

Arbuthnot Securities                         020 7012 2000

Richard Johnson

 

END

 

 

RDSDELFLBFFBFBZ