15th Jul 2014 15:22
15 July 2014
Mentum Inc. ("Mentum" or the "Company")
Director/PDMR Shareholding: Options and Warrants Grant
Mentum (to be renamed Tengri Resources), the Kyrgyz Republic copper-gold exploration and development company, announces that following the completion of acquisition of the Kyrgyz Republic Mining Assets of Robust Resources Limited on 14 July 2014, the Board has approved the following grants of Options and Warrants over the ordinary shares of 5 pence each in the Company ("Ordinary Shares") to the following Directors of the Company.
The table below states the number of Options over the Ordinary Shares granted to the Directors.
Name | Title | Number of Options granted | Total Options held following grant |
Peter Moss | Non-Executive Director | 5,000 | 15,000 |
Dr David King | Non-Executive Director | 80,000 | 80,000 |
Idris Khan
| Non-Executive Director | 30,000 | 30,000 |
Gary Lewis | Executive Director | 240,000 | 240,000 |
Details of the Options are as follows:
The exercise price of the Options is 23p per Ordinary Share and the Options will vest immediately and may be exercised within five years of vesting.
The table below states the number of Warrants over the Ordinary Shares granted to the Directors.
Name | Title | Number of Warrants granted | Total Warrants held following grant |
Peter Moss | Non-Executive Director | Nil | Nil |
Dr David King | Non-Executive Director | Nil | Nil |
Idris Khan
| Non-Executive Director | 140,000 | 140,000 |
Gary Lewis | Executive Director | Nil | Nil |
Details of the Warrants are as follows:
The exercise price of the Warrants is 23p per Ordinary Share and the Warrants may be exercised within five years of issuance.
Enquiries:
Mentum
Peter Moss +44 20 7220 9791
finnCap Ltd (Nomad)
Matthew Robinson/Grant Bergman/James Thompson
+44 20 7220 0500
Peterhouse Corporate Finance Limited (Corporate Broker)
Heena Karani +44 20 7469 0936
About Mentum (to be renamed Tengri Resources)
Mentum (to be renamed Tengri Resources) is a Central Asian focused mineral exploration and development company with exposure to large-scale gold and copper mining development and exploration operations in a region widely recognised for its mineral prospectivity.
The Company comprises a portfolio of projects in different stages of development comprising three license areas; namely:
· Andash Licences - JORC compliant Measured and Indicated Resources of
682,000 ounces gold, and 170 million pounds copper;
· Talas Licences - SAMREC compliant Resources of 6.7 million ounces gold and 1.6 billion pounds copper and the geological exploration potential of gold and copper licenses Korgontash, Kentash and Barkol; and
· The right to farm-in to a 70% interest in the Bashkol Licence.
Related Shares:
FOR.L