Issue of Equity/Director's De

RNS Number : 6212P

Tertiary Minerals PLC

20 July 2010

 

TERTIARY MINERALS PLC

("Tertiary" or the "Company")

Issue of Equity

Directors Dealing

Tertiary Minerals plc (AIM: TYM) announces that on 19 July 2010, the Directors agreed to issue new ordinary shares in the Company to Mr Donald McAlister in lieu of payment of net fees for the six month period ending 30 June 2010.

Accordingly, Mr McAlister, has been issued with 100,448 new ordinary shares. The shares

were issued at an issue price of 2.625 pence per share, being the closing mid-market price of the ordinary shares on 16 July 2010.

Following this transaction, Mr McAlister is interested in 457,821 ordinary shares being 0.5 per cent of the enlarged issued share capital of the Company.

Application has been made for the 100,448 new ordinary shares to be admitted to trading on

AIM and admission is expected to occur on 26 July 2010.

Following admission of the new ordinary shares to trading on AIM, the total number of ordinary shares in issue will be 88,516,220.

For further information, please contact:

Tertiary Minerals plc

Patrick Cheetham,                              Tel: [phone]

Executive Chairman

Seymour Pierce Ltd

Jonathan Wright/Stewart Dickson      Tel: [phone]

 

END

 

 

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