22nd Sep 2015 14:51
22 September 2015
Tri-Star Resources plc
("Tri-Star" or the "Company")
Issue of Options
Tri-Star (AIM: TSTR) is pleased to announce that following the successful financial close of the Oman Antimony Roaster ("OAR") project announced on 16 September 2015, it has awarded share options to certain directors and consultants.
In total the Company has awarded 245,000,000 options ("Options") over ordinary shares of 0.005p each ("Ordinary Shares"). The exercise price of the Options has been fixed at a price of 0.11p per Ordinary Share which is a 10% premium to the price of the recent placing of Ordinary Shares completed in August 2015.
The following Directors have been issued Share Options:
Director | Number of Options issued | Total number of Options held as at 22 September 2015 |
Guy Eastaugh | 100,000,000 | 116,670,000 |
Mark Wellesley-Wood | 50,000,000 | 50,000,000 |
Adrian Collins | 35,000,000 | 79,250,000 |
Jonathan Quirk | 30,000,000 | 74,250,000 |
The Options vest immediately and are exercisable for a period of 10 years from vesting. :
Following the issue of the Share Options, the Company has 643,470,000 share options in issue representing 7.61 per cent. of the current issued share capital of the Company.
Enquiries:
Tri-Star Resources plc Emin Eyi, Managing Director Guy Eastaugh, Chief Financial Officer
| Tel: +44 (0) 20 3470 0470 |
SP Angel Corporate Finance (Nomad and Broker) Robert Wooldridge / Jeff Keating | Tel: +44 (0) 20 3470 0470 |
Yellow Jersey PR Limited (Media Relations) Dominic Barretto / Alistair de Kare-Silver
|
Tel: +44 (0) 7738 076 304
|
Related Shares:
TSTR.L