15th May 2008 15:18
For immediate release 15 May 2008
African Minerals Limited
("African Minerals" or "the Company")
Grant of Options to Director
African Minerals Limited (AIM:AMI), the mineral exploration company with interests in Sierra Leone, West Africa, announces the grant of options to a Company Director under the Company's share option plan.
On 15 May 2008, the Company granted options to purchase 1,000,000 common shares of US$0.01 each to Lord Peter Truscott, a Non-Executive Director, as per the terms and conditions of his letter of engagement.
The options expire on 14 May 2013 and are exercisable at a price of 194.5p per share. The options vest in three equal tranches on the first three anniversaries of the grant date.
ENQUIRIES:
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African Minerals Limited |
Tel: +44 (0) 20 7849 3002 |
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Frank Timis, Executive Chairman |
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Roy Pitchford, Chief Executive Officer |
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Canaccord Adams Limited |
Tel: +44 (0) 20 7050 6500 |
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Mike Jones |
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Robin Birchall |
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Mirabaud Securities Limited |
Tel: +44 (0) 20 7878 3360 |
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Rory Scott |
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Citigate Dewe Rogerson |
Tel: +44 (0) 20 7638 9571 |
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Media enquiries: Martin Jackson |
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Analyst enquiries: Kate Delahunty / George Cazenove |
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Related Shares:
AMI.L