22nd Jul 2005 13:48
Mercator Gold PLC22 July 2005 FOR IMMEDIATE RELEASE 22 July 2005 MERCATOR GOLD PLC ("MERCATOR" or the "Company") Issue of Share Options to Director Following on from the appointment of Dr Susan Vearncombe as a Director of theCompany, the Company has agreed to issue Dr Susan Vearncombe with 750,000 newshare options. The share options are exercisable at any time within the next 10years at an exercise price of 10p per Ordinary Share. Following the issue of these new share options, the interests of Dr SusanVearncombe in the Ordinary Share capital of the Company are as follows: Number of Ordinary Shares as a Number of Warrants Number of shareissued Percentage of issued to subscribe for new options to subscribeOrdinary Ordinary Share Ordinary Shares for new OrdinaryShares capital Shares 1,700,000* 1.95 per cent 400,000* 1,500,000 The total number of Ordinary Shares, Warrants and share options to subscribe fornew Ordinary Shares held by Dr Susan Vearncombe is 3,600,000 which represents4.13% of the Company's issued share capital. * Dr. Susan Vearncombe's interest in Ordinary Shares includes Dr. JulianVearncombe's interest in 200,000 Ordinary Shares and 400,000 warrants which areheld in the Vearncombe Superannuation Fund. For further information, please contact: Patrick Harford Tel: 020 7929 1010Managing DirectorMercator Gold Roland Cornish Tel: 0207 628 3396ChairmanBeaumont Cornish This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ECR Minerals