Grant of Warrants

RNS Number : 7355D

Tertiary Minerals PLC

08 December 2009

 



Tertiary Minerals plc (or the "Company")

Grant of Warrants

8 December 2009

Tertiary Minerals plc announces that on 7 December 2009 it has granted 2,900,000 warrants to employees and directors of the Company. The grants included the following directors: 

Name	Number of warrants granted
Patrick Cheetham (Executive Chairman)	1,500,000
David Whitehead (Non-executive Director)	300,000
Donald McAlister (Non-executive Director)	300,000

Each warrant is convertible to one new ordinary share at the price of 4.375 pence per share (the closing mid-market price on 7 December 2009) at any time within 4 years from 7 December 2010.

As a result of this issue of warrants the total number of warrants currently held by each Director is as follows:

Patrick Cheetham :       4,000,000

David Whitehead :           700,000

Donald McAlister :           700,000

Enquiries:

Patrick Cheetham, Tertiary Minerals plc        01625 626203

Jonathan Wright,  Seymour Pierce Ltd          020 7107 8000

 

END

 

 

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