Issue of Warrants

RNS Number : 6333X

Sunrise Resources Plc

09 December 2010

 



9 December 2010

Sunrise Resources plc

("Sunrise" or the "Company")

Issue of Warrants

At a Board Meeting of Sunrise Resources plc, held on 7 December 2010, the Board resolved to issue 6,000,000 warrants to officers and directors of the Company and to employees of Tertiary Minerals plc, working on the Company's behalf.

The issue included the following Directors:

P.Cheetham :	2,000,000
F.Johnstone :	1,000,000
N.Herbert  :	1,000,000

Each warrant is convertible to one new ordinary share at the price of 2.5p pence per share (the closing mid-market price on 7 December 2010) at any time within 4 years from 7 December 2011.

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

P. Cheetham :	7,000,000
F. Johnstone :	3,500,000
N. Herbert :	3,500,000

Further Information:

Sunrise Resources plc                                            Tel:  [phone]

Patrick Cheetham, Executive Chairman                    Mobile: [phone]

www.sunriseresourcesplc.com

Northland Capital Partners Ltd                              Tel: [phone]

Gavin Burnell

Charles Vaughan (Corporate Broking)

Yellow Jersey PR                                                     Tel: [phone]

Dominic Barretto

 

END

 

 

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