Grant of Warrants

RNS Number : 2626Y

Tertiary Minerals PLC

20 December 2010

 



Tertiary Minerals plc

(the "Company")

Grant of Warrants

Tertiary Minerals plc, a diversified mineral explorer and developer building a significant strategic position in the fluorspar sector, announces that on 17 December 2010 it 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 6.25 pence per share (the closing mid-market price on 16 December 2010) at any time within 4 years from 17 December 2011.

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

Patrick Cheetham :        5,500,000

David Whitehead :          1,000,000

Donald McAlister :          1,000,000

ENQUIRIES

Tertiary Minerals plc                                                                            Tel:  [phone]

Patrick Cheetham, Executive Chairman                                      

www.tertiaryminerals.com

Seymour Pierce Limited                                                                      Tel: [phone]

Stewart Dickson (Corporate Finance)

Jeremy Stephenson (Corporate Broking)                                     

Yellow Jersey PR Limited                                                                    Tel: [phone]

Dominic Barretto                                     

 

END

 

 

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