Dalradian Resources Inc. Dalradian Announces Options Exercise
February 15 2018 - 12:02PM
UK Regulatory
TIDMDALR
TORONTO, ONTARIO -- (Marketwired - February 15, 2018) - Dalradian
Resources Inc. (TSX:DNA /AIM:DALR) ("Dalradian" or the "Company")
announces that 9,395 shares were issued as a result of stock options
exercised by a former employee on 14 February 2018 with exercise prices
of C$0.87 and C$0.67 using the cashless exercise option available under
the Company's stock option plan.
After the effect of the transaction, the total number of stock options
under the Company's Stock Option Plan is 9,841,666.
Application will be made for 9,395 common shares further to the exercise
of the stock options (the "Options Admission"), which will rank pari
passu with the existing common shares in issue, to be admitted to
trading on AIM and admission is expected to occur at 8:00am on or around
21 February 2018.
Following the Options Admission, the Company will have in issue
355,493,448 Common Shares. This figure may be used by shareholders as
the denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in, the Company under the Financial Conduct Authority's
Disclosure and Transparency Rules.
About Dalradian Resources Inc.
Dalradian Resources Inc. is a mineral exploration and development
company that is focused on advancing its high-grade Curraghinalt Gold
Project located in Northern Ireland, United Kingdom. The Curraghinalt
Project is in permitting, with exploration ongoing to build on the
positive feasibility study released in January 2017.
For more information:
Marla Gale
Vice President Communications
+1 416 583 5622
investor@dalradian.com
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett / Richard Tonthat / Harrison Clarke
+44 (0)20 7383 5100
Numis Securities Limited (Broker)
John Prior / James Black / Paul Gillam
+44 (0)20 7260 1000
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Dalradian Resources Inc. via Globenewswire
http://www.dalradian.com/
(END) Dow Jones Newswires
February 15, 2018 13:02 ET (18:02 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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