31st Dec 2008 07:00
For immediate release 31 December 2008
ALLIED GOLD LIMITED ("ALLIED" OR "THE COMPANY")
ISSUE OF EQUITY (Options)
The Company announces that a total of 8,000,000 Options over Fully Paid Ordinary Shares were issued today on the following terms and conditions:
Employee Incentive Options (Under the Scheme, approved at the recent Annual General Meeting)
2,800,000 Unlisted Options exercisable at $0.35 on or before 31 October 2011 vesting immediately.
2,650,000 Unlisted Options exercisable at $0.35 on or before 31 October 2011, vesting upon the 100,000th ounce of gold produced between 1 October 2008 and 31 December 2009.
2,550,000 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 Company also announces that the following unlisted options expire today 31 December 2008:
2,720,000 Unlisted Options exercisable at $0.50.
500,000 Unlisted Options exercisable at $0.80
1,000,000 Unlisted Options exercisable at $0.40.
1,000,000 Unlisted Options exercisable at $0.44.
This brings the total shares on issue to 410,994,276 and total Options over Ordinary Shares to 48,832,688 approximately 11.9% of the issued share capital.
For more information:
|
Mark Caruso Managing Director |
T:+61 8 93533638 |
|
Roland Cornish Beaumont Cornish Limited |
T: +44 (0) 20 7628 3396 |
Related Shares:
ALD.L