Galileo Resources PLC Issuance of share options (7745H)

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RNS Number : 7745H

Galileo Resources PLC

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 .

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 
  Edward Slowey, Executive Director      4477 
                                         Tel +353 (0) 601 4466 
 Beaumont Cornish Limited - Nomad       Tel +44 (0) 20 7628 
  Roland Cornish/James Biddle            3396 
                                      ------------------------ 
 Novum Securities Limited - Joint 
  Broker 
  Colin Rowbury /Jon Belliss            +44 (0) 20 7399 9400 
                                      ------------------------ 
 Shard Capital Partners LLP -           Tel +44 (0) 20 7186 
  Joint Broker                           9952 
  Damon Heath 
                                      ------------------------

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November 28, 2022 04:54 ET (09:54 GMT)

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