7th Jan 2010 10:31
FOR IMMEDIATE RELEASE 7 January 2010
allied gold limited
("Allied", "Allied Gold" or "the Company")
Director's Interests in Allied Gold
Allied Gold advises that the following changes occurred to the interests of certain Directors of the Company as at 31 December 2009:
Due to the expiration of 3,400,000 unlisted options on 31 December 2009 and 1,125,000 Unlisted Options exercisable at $0.35 on or before 31 October 20l1 due to certain vesting conditions not being met, (vesting upon the 100,000th ounce of gold produced between 1 October 2008 and 31 December 2009) Mr Mark Caruso's security holdings in the Company are now as follows:
7,585,193 Ordinary Fully Paid Shares representing 0.73% of the total share capital of the Company.
5,875,000 Unlisted Options exercisable at $0.35 on or before 31 October 2011.
3,000,000 Unlisted Options exercisable at $0.35 on or before 31 October 2011, vesting upon when the Company's Share price trades at greater than $0.70 for 5 consecutive trading days.
10,000,000 Unlisted Options exercisable at $0.50 on or before 31 December 2013.
10,000,000 Unlisted Options exercisable at $0.50 on or before 31 December 2013, vesting upon the share price trading at $0.70.
5,000,000 Unlisted Options exercisable at $0.50 on or before 31 December 2013, vesting upon the 100,000th ounce of gold produced from the Simberi Oxide Gold Project between 1 October 2009 and 31 December 2010.
Due to the expiration of 750,000 Unlisted Options exercisable at $0.35 on or before 31 October 2011 due to certain vesting conditions not being met, (vesting upon the 100,000th ounce of gold produced between 1 October 2008 and 31 December 2009) Mr Frank Terranova's security holdings in the Company are now as follows:
1,000 Fully Paid Ordinary Shares representing 0.00009% of the total share capital of the Company.
4,250,000 Unlisted Options exercisable at $0.35 on or before 31 October 2011 vesting immediately.
1,250,000 Unlisted Options exercisable at $0.35 on or before 31 October 2011, vesting upon when the Company's Share price trades at greater than $0.70 for 5 consecutive trading days.
5,000,000 Unlisted Options exercisable at $0.50 on or before 31 December 2013.
5,000,000 Unlisted Options exercisable at $0.50 on or before 31 December 2013, vesting upon the share price trading at $0.70.
2,500,000 Unlisted Options exercisable at $0.50 on or before 31 December 2013, vesting upon the 100,000th ounce of gold produced from the Simberi Oxide Gold Project between 1 October 2009 and 31 December 2010.
Due to the expiration of 250,000 Unlisted Options exercisable at $0.35 on or before 31 October 2011 due to certain vesting conditions not being met, (vesting upon the 100,000th ounce of gold produced between 1 October 2008 and 31 December 2009) Mr Gregory Steemsons' security holdings in the Company are now as follows:
1,100,000 Ordinary Shares representing 0.11% of the total share capital of the Company.
1,250,000 Unlisted Options exercisable at $0.35 on or before 31 October 2011.
500,000 Unlisted Options exercisable at $0.35 on or before 31 October 2011, vesting upon when the Company's Share price trades at greater than $0.70 for 5 consecutive trading days.
Due to the expiration of 250,000 Unlisted Options exercisable at $0.35 on or before 31 October 2011 due to certain vesting conditions not being met, (vesting upon the 100,000th ounce of gold produced between 1 October 2008 and 31 December 2009) Mr Tony Lowries' security holdings in the Company are now as follows:
1,635,460 Fully Paid Ordinary Shares representing 0.16% of the total share capital of the Company.
1,250,000 Unlisted Options exercisable at $0.35 on or before 31 October 2011.
500,000 Unlisted Options exercisable at $0.35 on or before 31 October 2011, vesting upon when the Company's Share price trades at greater than $0.70 for 5 consecutive trading days.
The remaining director Mr Monty House's security holdings have not been affected.
For further information, contact:
Allied Gold Limited
Mark Caruso
Executive Chairman
T:+61 8 93533638
Frank Terranova
Chief Financial Officer
T: +61 7 3252 5911
M: +61 448 187 557
Peter Torre
Company Secretary
T: +61 8 9287 4604
Beaumont Cornish Limited
Roland Cornish
Beaumont Cornish Limited
T: +44 (0) 20 7628 3396
Related Shares:
ALD.L