2nd Dec 2008 07:00
For immediate release 2 December 2008
ALLIED GOLD LIMITED ("ALLIED" OR "THE COMPANY")
ISSUE OF EQUITY (Options)
The Company announces that a total of 17,349,427 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)
7,750,000 Unlisted Options exercisable at $0.35 on or before 31 October 2011 vesting immediately.
4,100,000 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.
3,800,000 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.
Other
1,699,427 Unlisted Options issued to Mirabaud Securities Limited as approved at the recent Annual General Meeting exercisable at $0.31 on or before 31 December 2010.
In addition, 2,000,000 options previously on issue have been forfeited.
This brings the total shares on issue to 410,994,726 and total Options over Ordinary Shares to 32,052,688 approximately 7.8% 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