5th Dec 2007 07:00
African Minerals Ltd04 December 2007 For immediate release 5 December 2007 African Minerals Limited ("African Minerals" or "the Company") Grant of Options to Director African Minerals Limited (AIM:AMI), the mineral and diamond exploration andproduction company with interests focused in Sierra Leone, West Africa,announces the grant of options to a Company Director under the Company's shareoption plan. On 4 December 2007, the Company granted options to purchase 1,000,000 commonshares of US$0.01 each to Mr. Roy Pitchford, the newly appointed Chief ExecutiveOfficer, as per the terms and conditions of his employment agreement.Consequently, Mr Pitchford has now been granted options to purchase a total of1,500,000 common shares of US$0.01 each in the Company. The options expire on 3 December 2012 and are exercisable at a price of 149.5pper share. The options vest in three equal tranches on the first threeanniversaries of the grant date. Enquiries: African Minerals Limited Tel: +44 (0) 20 7849 3002Frank TimisRoy Pitchford Canaccord Adams Limited Tel: +44 (0) 20 7050 6500Mark AshurstMike Jones Citigate Dewe Rogerson Tel: +44 (0) 20 7638 9571Media enquiries: Martin Jackson/Kate DelahuntyAnalyst enquiries: Scott Fulton This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
AMI.L