9th Dec 2008 07:00
For immediate release 9 December 2008
ALLIED GOLD LIMITED ("ALLIED" OR "THE COMPANY")
Issue of Equity and DIRECTORS DEALINGS
The Company announces that a total of 14,000,000 Options over Fully Paid Ordinary Shares were issued to Directors today pursuant to Shareholder approval obtained on 27 November 2008, on the following terms and conditions:
6,750,000 Unlisted Options exercisable at $0.35 on or before 31 October 2011 vesting immediately.
3,250,000 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.
4,000,000 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.
This brings the total shares on issue to 410,994,276 and total Options over Ordinary Shares to 46,052,688 approximately 11.2% of the issued share capital.
Directors Dealings
Mark Caruso
Of the options issued above Mr Mark Caruso received the following:
4,750,000 Unlisted Options exercisable at $0.35 on or before 31 October 2011 vesting immediately.
2,250,000 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.
3,000,000 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.
In addition the Company announces that Mr Mark Caruso, purchased a further 40,000 fully paid ordinary shares in the Company on market on 4 December 2008 at a price of $0.22.
Following the purchase and issue of options, Mr Caruso holds 7,435,193 ordinary shares held both directly and indirectly in the Company representing a holding of 1.81% of the Company's issued share capital.
Mr Caruso also holds 3,400,000 Unlisted Options exercisable at $0.45 on or before 31 December 2009, 4,750,000 Unlisted Options exercisable at $0.35 on or before 31 October 2011 vesting immediately, 2,250,000 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, and 3,000,000 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.
Gregory Steemson
Of the options issued above, Mr Gregory Steemson received the following:
1,000,000 Unlisted Options exercisable at $0.35 on or before 31 October 2011 vesting immediately.
500,000 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.
500,000 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.
Following the issue of options, Mr Steemson holds 1,100,000 ordinary shares held indirectly in the Company representing a holding of 0.26% of the Company's issued share capital.
Mr Steemson now holds 1,000,000 Unlisted Options exercisable at $0.35 on or before 31 October 2011 vesting immediately, 500,000 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 and 500,000 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.
Anthony Lowrie
Of the options issued above, Mr Anthony Lowrie received the following:
1,000,000 Unlisted Options exercisable at $0.35 on or before 31 October 2011 vesting immediately.
500,000 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.
500,000 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.
Following the issue of options, Mr Lowrie holds 1,635,460 ordinary shares held indirectly in the Company representing a holding of 0.39% of the Company's issued share capital.
Mr Lowrie also holds 1,000,000 Unlisted Options exercisable at $0.40 on or before 31 December 2008, 1,000,000 Unlisted Options exercisable at $0.44 on or before 31 December 2008, 1,000,000 Unlisted Options exercisable at $0.35 on or before 31 October 2011 vesting immediately, 500,000 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 and 500,000 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.
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