REG - Galileo Resources - Issuance of share options

Galileo ResourcesAnnouncement

28/11/2022 10:00

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RNS Number : 7745H  Galileo Resources PLC  28 November 2022

28 November 2022

 

Galileo Resources Plc
("Galileo" or the "Company")

 

Issuance of share options

 

Galileo, the exploration and development mining company, announces that
options to subscribe for 1,000,000 new ordinary shares of the Company
("Ordinary Shares") were granted on 25 November 2022 to a consultant of the
Company at an exercise price of 2.25 pence per share, vesting immediately.
 The options have a term of five years and any unexercised options will
expire at midnight on 25 November 2027.

 

The option exercise price is at approximately 58% premium to the closing
mid-market price as at 24 November 2022 of 1.42 pence.

 

A copy of this announcement is available on the Company's website
www.galileoresources.com (http://www.galileoresources.com) .

You can also follow Galileo on Twitter: @GalileoResource.

 

You can also follow Galileo on Twitter: @GalileoResource

For further information, please contact: Galileo Resources PLC

 

 Colin Bird, Chairman                       Tel +44 (0) 20 7581 4477

 Edward Slowey, Executive Director          Tel +353 (0) 601 4466

 Beaumont Cornish Limited - Nomad           Tel +44 (0) 20 7628 3396

 Roland Cornish/James Biddle
 Novum Securities Limited - Joint Broker    +44 (0) 20 7399 9400

 Colin Rowbury /Jon Belliss
 Shard Capital Partners LLP - Joint Broker  Tel +44 (0) 20 7186 9952

 Damon Heath

 

 

 

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