Exercise of Options & Issue of Equity
December 07 2010 - 4:09AM
UK Regulatory
TIDMMML
RNS Number : 4940X
Medusa Mining Limited
07 December 2010
Medusa Mining Limited
Exercise of Options & Issue of Equity
Medusa Mining Limited ("Medusa Mining" or "the Company") announces that,
pursuant to the exercise of unlisted options by certain employees of the
Company, it has today issued 440,000 ordinary shares of nil par value. The
options were exercised at a price of A$1.25 per share.
Application will be made to the UK Listing Authority and to the London Stock
Exchange for 440,000 ordinary shares of nil par value to be admitted to the
Official List and to trading on the Main Market of the London Stock Exchange.
It is expected that dealings will commence at 8.00 a.m. on 14 December 2010.
The new ordinary shares will rank pari passu in all respects with the existing
ordinary shares and, following admission, the Company's increased share capital
will comprise 188,233,911 ordinary shares with voting rights. Therefore, the
total number of voting rights in the Company will be 188,233,911.
The total number of voting rights 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 Service Authority's Disclosure and Transparency Rules.
For further information, please contact:
+------------------------------+--------------------------------------+
| Australia | |
+------------------------------+--------------------------------------+
| Medusa Mining Limited | +61 8 9367 0601 |
+------------------------------+--------------------------------------+
| Geoffrey Davis, Managing | |
| Director | |
+------------------------------+--------------------------------------+
| Roy Daniel, Finance Director | |
+------------------------------+--------------------------------------+
| United Kingdom | |
+------------------------------+--------------------------------------+
| Fairfax I.S. PLC | +44 (0)20 7598 5368 |
+------------------------------+--------------------------------------+
| Financial Adviser and Broker | |
+------------------------------+--------------------------------------+
| Ewan Leggat/Laura Littley | |
+------------------------------+--------------------------------------+
| Lothbury Financial Services | +44 (0)20 7868 2010 |
| Limited | |
+------------------------------+--------------------------------------+
| Michael Padley/Libby Moss | |
+------------------------------+--------------------------------------+
| Canada | |
+------------------------------+--------------------------------------+
| Nicholas Sayce, Investor | +1 416 822 4404 |
| Relations | |
+------------------------------+--------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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