14th Oct 2014 07:00
Sierra Rutile Limited
Grant of Options
London, UK, 14 October 2014: Sierra Rutile Limited (AIM: SRX) ("Sierra Rutile") announces that it has granted options over 150,000 ordinary shares in the capital of Sierra Rutile to Michael Barton, its Non-Executive Chairman. The options are exercisable at a price of 51 pence per share and will vest in four equal tranches on 13 October 2015, 13 January 2016, 13 April 2016 and 13 July 2016. The options will expire on the third anniversary of each vesting date.
Sierra Rutile Limited Yves Ilunga, Chief Financial Officer
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+44 (0)20 7074 1800 |
RBC Capital Markets Nominated Adviser and Joint Corporate Broker Jonny Hardy
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+44 (0)20 7653 4000 |
Mirabaud Securities Joint Corporate Broker Peter Krens
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+44 (0)20 7321 2508 |
Kreab Gavin Anderson Marc Cohen / Christina Clark |
+44 (0)20 7074 1800 |
About Sierra Rutile Limited
Sierra Rutile produces titanium feedstock industrial minerals (primarily rutile, with some associated ilmenite), as well as smaller quantities of zircon. Sierra Rutile's mine, located in the south west of Sierra Leone, is one of the largest natural rutile deposits in the world, with a JORC-Compliant Mineral Resource for measured, indicated and inferred resources for the Sierra Rutile mine of over 910 million tonnes (as at 30 September 2013).
www.sierra-rutile.com
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