9th Dec 2010 07:00
9 December 2010
Sunrise Resources plc
("Sunrise" or the "Company")
Issue of Warrants
At a Board Meeting of Sunrise Resources plc, held on 7 December 2010, the Board resolved to issue 6,000,000 warrants to officers and directors of the Company and to employees of Tertiary Minerals plc, working on the Company's behalf.
The issue included the following Directors:
P.Cheetham : | 2,000,000 |
F.Johnstone : | 1,000,000 |
N.Herbert : | 1,000,000 |
Each warrant is convertible to one new ordinary share at the price of 2.5p pence per share (the closing mid-market price on 7 December 2010) at any time within 4 years from 7 December 2011.
As a result of this issue of warrants, the total number of warrants currently held by each Director is as follows:
P. Cheetham : | 7,000,000 |
F. Johnstone : | 3,500,000 |
N. Herbert : | 3,500,000 |
Further Information:
Sunrise Resources plc Tel: +44 (0)1625-505947
Patrick Cheetham, Executive Chairman Mobile: +44 (0)7767 458751
www.sunriseresourcesplc.com
Northland Capital Partners Ltd Tel: +44 (0)20 7492 4750
Gavin Burnell
Charles Vaughan (Corporate Broking)
Yellow Jersey PR Tel: +44 (0)20 8980 3545
Dominic Barretto
Related Shares:
Sunrise Res