REG - GreenRoc Mining PLC - Grant of Share Options

GreenRoc Strategic MaterialsAnnouncement

08/07/2022 10:15

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RNS Number : 8336R  GreenRoc Mining PLC  08 July 2022

GreenRoc Mining Plc / EPIC: GROC / Market: AIM / Sector: Mining

 

8 July 2022

GreenRoc Mining Plc

("GreenRoc" or the "Company")

 

Grant of Share Options

 

GreenRoc Mining Plc (AIM: GROC), a company focused on the development of
critical mineral projects in Greenland, announces the grant on 8 July 2022 of
1,000,000 share options over ordinary shares in the Company ("Options") to
Stefan Bernstein, Chief Executive Officer of the Company, as follows:

 

Option Award

 Director / Senior Management   New Options  Exercise price  Vesting Date  Total Options Granted
 Mr Stefan Bernstein            333,333      10 pence        1 July 2023
                                333,333      10 pence        1 July 2024
                                333,334      10 pence        1 July 2025
 Total                          1,000,000                                  1,000,000

 

The Options are awarded subject to the terms, conditions and rules set out in
the Greenroc Mining Plc Long Term Incentive Plan (the "LTIP Rules").

 

Subject as aforesaid, the Options shall be exercisable at the exercise price
and from the vesting dates set out above, unless an earlier event occurs to
cause them to become exercisable or to lapse under the LTIP Rules.

 

The Options shall lapse on 28 September 2026, to the extent they are not
exercised before then and provided no event occurs to cause them to lapse
earlier under the LTIP Rules.

 

The Options granted represent approximately 0.9% of the current issued share
capital of the Company. On a fully diluted basis the Options represent
approximately 0.9% of the enlarged issued share capital of the Company
(assuming the Options are exercised in full and no additional ordinary shares
are issued save for those in connection with such exercise).

 

 

For further information, please contact:

 

 GreenRoc Mining Plc                                   +44 20 3950 0724

 Stefan Bernstein, CEO

 Cairn Financial Advisers LLP (NOMAD)                  +44 20 7213 0880

 James Caithie / Sandy Jamieson /Louise O'Driscoll

 ETX Capital (Broker)                                  +44 20 7392 1494

 Tom Curran / Thomas Smith

 St Brides Partners Ltd (Financial PR & IR)            +44 20 7236 1177

 Susie Geliher / Charlotte Page

 

About GreenRoc

GreenRoc Mining Plc is an AIM-quoted company, which is developing mining
projects in Greenland in critical, high-demand and high-value minerals.

 

Led by a group of highly experienced mining industry professionals with
considerable knowledge of the Greenlandic mining sector, GreenRoc has a
portfolio of 100% owned projects:

·      Amitsoq Graphite, one of the highest-grade graphite deposits in
the world with a combined Indicated and Inferred JORC Resource of 8.28 million
tonnes (Mt) at an average grade of 19.75% giving a total graphite content of
1.63 Mt;

·      Thule Black Sands Ilmenite ('TBS'), which has an initial Mineral
Resource of 19Mt@ 43.6% Total Heavy Minerals with an in-situ ilmenite grade of
8.9%;

·      Melville Bay Iron, which has a Mineral Resource Estimate of 67Mt
at 31.4% iron and has been proven to be processable to a high-grade, 70%
concentrate with low impurities; and

·      Inglefield Multi-Element, which has the potential to host a range
of mineralisation styles, including iron oxide-copper-gold.

 

 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities

and persons closely associated with them

 

 1   Details of the persons discharging managerial responsibilities / person
     closely associated

 a)  Name                                    Stefan Bernstein

 2   Reason for the notification

 a)  Position/Status                         Chief Executive Officer

 b)  Initial notification/ Amendment         Initial notification

 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor

 a)  Name                                    GreenRoc Mining plc

 b)  LEI                                     213800OAVF2KQAD11380

 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted

 a)  Description of the financial

     instrument, type of

     instrument                              Options over ordinary shares of £0.001 each

     Identification code                     GB00BLD3C518

 b)  Nature of the transaction               Grant of share options

 c)  Price(s) and volume(s)

Price(s)                Volume(s)
                                             Exercise price: £0.10   1,000,000

 
 d)  Aggregated information

     -      Aggregated volume

                                             1,000,000

     -      Price

                                             £0.10
 e)  Date of transaction                     8 July 2022

 f)  Place of transaction                    London Stock Exchange

 

d)

Aggregated information

 

-      Aggregated volume

 

-      Price

 

 

 

 

1,000,000

 

£0.10

e)

Date of transaction

 

8 July 2022

f)

Place of transaction

 

London Stock Exchange

 

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