REG-ECR Minerals plc Grant of Options <Origin Href="QuoteRef">ECRE.L</Origin>

ECR MineralsAnnouncement

27/01/2015 22:52

http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20141231:nBw315126a 
 
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LONDON--(Business Wire)--


ECR MINERALS plc

("ECR Minerals", "ECR" or the "Company") 

AIM: ECR 

US OTC: MTGDY 

GRANT OF OPTIONS

LONDON: 31 DECEMBER 2014 - ECR Minerals plc announces the grant of 208,940,427
share options (the "Options") to directors, staff and consultants. The Options
have been granted under the Company`s unapproved share option plan (the "Option
Plan"). 

Each Option is exercisable to acquire one ordinary share of the Company at a
price of £0.00275 (0.275 pence) per share. The Options will remain valid,
subject to the rules of the Option Plan, until the fifth anniversary of the date
of grant. The Options will vest immediately. 

The exercise price of the Options equates to a premium of approximately 45% to
the closing mid-market price of the Company`s shares on AIM on 30 December 2014.


Options have been granted to directors of the Company as follows: 
 
 Director           Number of options held prior to this grant    Number of options granted    Total number of options held    % of current issued ordinary share capital    
 Stephen Clayson    58,945,872                                    71,055,089                   130,000,961                     3.71%                                         
 Paul Johnson       27,522,936                                    35,527,545                   63,050,481                      1.80%                                         
 Richard Watts      19,816,514                                    25,579,832                   45,396,346                      1.30%                                         
 
 
Paul Johnson, Non-Executive Chairman of ECR, commented:

"The ECR team in the UK, Argentina and the Philippines continue to work in a
smart, efficient and results oriented manner to drive the business forward and
build value for our shareholders. It is crucial that this high level of
commitment is maintained and that the interests of directors, staff and key
consultants remain aligned with those of shareholders. Incentive share options
are an important means of achieving this." 

FOR FURTHER INFORMATION PLEASE CONTACT: 
 
 ECR Minerals plc                                      Tel: +44 (0)20 7929 1010    
 Paul Johnson, Non-Executive Chairman                                              
 Stephen Clayson, Director & CEO                                                   
 Richard (Dick) Watts, Technical Director                                          
                                                                                   
 Email: info@ecrminerals.com                                                       
 Website: www.ecrminerals.com                                                      
                                                                                   
 Cairn Financial Advisers LLP                          Tel: +44 (0)207 148 7900    
 Nominated Adviser                                                                 
 Jo Turner/Liam Murray                                                             
                                                                                   
 Daniel Stewart & Company plc                          Tel: +44 (0)20 7776 6550    
 Broker                                                                            
 Colin Rowbury                                                                     
 
 
ECR Minerals plc 

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