7th Dec 2009 09:26
FOR IMMEDIATE RELEASE 7 December 2009
allied gold limited
("Allied", "Allied Gold" or "the Company")
Issue of Options
The Company announces that today it has issued 39,000,000 options over Ordinary Shares (the "Options") to certain directors, as previously approved at the Annual General Meeting of the Company held on 11 November 2009. Full details of these Options are set out in the Notice of AGM as announced on 9 October 2009.
As the issue of Options is to certain directors, being Mark Caruso, Monty House and Frank Terranova, this is a Related Party Transaction as defined in AIM Rule 13. Therefore, the Independent Directors, having consulted the Company's Nominated Adviser, Beaumont Cornish Limited, consider that the terms of the Options are fair and reasonable insofar as the Company's Shareholders are concerned.
This brings the present Options over Ordinary Shares to 83,624,427, representing approximately 14.5% of the issued share capital.
A copy of this announcement can be viewed on the Company's website, www.alliedgold.com.au.
For more information:
|
Mark Caruso Executive Chairman |
T:+61 8 93533638 |
|
Roland Cornish Beaumont Cornish Limited |
T: +44 (0) 20 7628 3396 |
Related Shares:
ALD.L