Discovery Metals Limited: Director's Shareholding & Issue of Equity
November 24 2011 - 11:22PM
UK Regulatory
TIDMDME
AIM RELEASE
25 November 2011
Director's Shareholding & Issue of Equity
Discovery Metals Limited ("the Company") today advises that it has issued
1,000,000 ordinary shares of no par value in the Company following the exercise
of options by Mr Morrice Cordiner, Non-Executive Director of the Company.
The details of the exercise of the options are as follows:
· Total of 1,000,000 options exercisable at A$0.35 cents each, with an
expiry date of 12 December 2011.
Accordingly, following the above transaction, Mr Cordiner holds the following
interests in the Company:
· 1,305,000 ordinary shares in the Company, which represents
approximately 0.30 per cent of the issued capital of the Company; and
· 750,000 ordinary shares in the Company pursuant to the Company's
Employee and Directors Share Plan (which was approved by shareholders at a
general meeting on 24 February 2010), the issue of which are subject to certain
vesting conditions.
The new ordinary shares issued by the Company today will rank pari passu with
existing ordinary shares in the Company and application has been made for these
new ordinary shares to be admitted to trading on AIM, which is expected to occur
on or around 25 November 2011.
Following the exercise of the options and issue of shares detailed above, the
Company's issued capital now comprises of 440,128,231 ordinary shares at no par
value.
For further information contact:
Discovery Metals Limited
Brad Sampson
Managing Director
Tel: +617 3218 0222
Fairfax I.S. PLC
Ewan Leggat / Laura Littley
Tel: +44 (0)20 7598 5368
Tavistock
Jos Simson/Emily Fenton
Tel: +44 (0) 207 9203150
Mobile: +44 (0)7899 870 450
Further information on the Company is available on its website:
www.discoverymetals.com
Discovery Metals Limited: Director's Shareholding & Issue of Equity:
http://hugin.info/137928/R/1566590/486468.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Discovery Metals Limited via Thomson Reuters ONE
[HUG#1566590]
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