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CHL - Churchill Mining News Story

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Last Trade - 05/12/16

Sector
Energy
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 1826

Churchill Mining plc Assignment of Options by Director

Fri 6th November, 2009 3:09pm
TIDMCHL

RNS Number : 1416C
Churchill Mining plc
06 November 2009

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6 November 2009 CHL: AIM


CHURCHILL MINING PLC
("Churchill" or "the Company")
Assignment of Options by Director


The Company was informed today that Paul Mazak, Managing Director of the
Company, has assigned 1,500,000 options over ordinary shares in the Company
("Options") to Pala Investments Holdings Limited ("Pala"). The proceeds from
the assignment of the options will be used to satisfy a family settlement.


The Options comprise 1,200,000 options with a strike price of GBP0.12 that
expire on 28 March 2012 and 300,000 options with a strike price of GBP0.20 that
expire on 15 April 2010. Pala has agreed to pay a consideration for the Options
based on valuing each ordinary share of the Company at 100p.


Following this assignment Paul Mazak remains beneficially interested in the
following options over ordinary shares in the Company:


+----------------+--------------------+--------------+
| Number of | Option exercise | Expiry date |
| options | price | |
+----------------+--------------------+--------------+
| 140,914 | 35p | 18 Apr 2011 |
+----------------+--------------------+--------------+
| 1,157,100 | 35p | 23 May 2011 |
+----------------+--------------------+--------------+
| 1,200,000 | 12p | 28 Mar 2012 |
+----------------+--------------------+--------------+
| 1,150,000 | 75p | 09 May 2013 |
+----------------+--------------------+--------------+

Enquiries:
+--------------------------------+-------------------+------------------------+
| Churchill Mining Plc | Astaire | Pelham PR |
| Managing Director - Paul G. | Securities | James MacFarlane / |
| Mazak | Shane Gallwey | Charles Vivian |
| +62 81510539186 / | | +44 (0) 20 7337 1533 |
| + 62 21 39832398 | +44(0)20 7448 | or |
| paul.mazak@churchillmining.com | 4400 | +44 (0) 7894462114 |
| | | |
+--------------------------------+-------------------+------------------------+



This information is provided by RNS
The company news service from the London Stock Exchange
END

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