13th Oct 2006 18:21
Altona Resources PLC13 October 2006 13th October 2006 ALTONA RESOURCES PLC ("Altona" or "the Company") ISSUE OF OPTIONS Altona Resources plc (AIM: ANR) announces the issue of 14 million options to thedirectors of the Company, with a term of 5 years from the date of issue, asfollows: Director Position 7p Exercise 10p Exercise 14p Exercise Total Options Price Price PriceChristopher Lambert Executive Chairman 1,500,000 2,000,000 2,000,000 5,500,000Christopher Schrape Managing Director 1,500,000 1,000,000 1,000,000 3,500,000Norman Kennedy Technical Director 1,500,000 1,000,000 - 2,500,000Anthony Samaha Finance Director 1,500,000 1,000,000 - 2,500,000 Total Options 6,000,000 5,000,000 3,000,000 14,000,000 The above options have been issued to incentivise the directors of Altonatowards further significant progress in the development of the Company'sArckaringa Coal Project and the achievement of value accretive milestones. -ends- For further information please contact: Altona Resources plcChristopher Lambert, Chairman +44 (0) 207 016 5100Christopher Schrape, Managing Director +61 (0) 417 984 434 Nabarro Wells & Co LimitedHugh Oram, Director +44 (0) 207 710 7400 Parkgreen CommunicationsVictoria Thomas +44 (0) 207 493 3713 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Altona Energy