Alexander Mining PLC Grant of Share Options (3440W)

TIDMAXM

RNS Number : 3440W

Alexander Mining PLC

31 July 2018

Alexander Mining plc

("Alexander" or "the Company")

Grant of Share Options

The Board of Alexander announces that it has approved the grant of 4,000,000 new share options ("New Share Options") at an exercise price of 0.15 pence ("Exercise Price") to an important consultant to the Company.

The Exercise Price of the New Share Options represents a 20 per cent. premium to the closing mid-market 90 day simple moving average on 30 July 2018, being the final business day prior to the Board approval. The New Share Options will vest from the date of the grant (being 31 July 2018) and will expire on 28 July 2026.

As a result of the above grant, the Company has the following options in place for directors, employees and consultants.

 
 Number of options   Exercise price 
 98,000,000          0.15p per share 
                    ---------------- 
 43,300,000          0.22p per share 
                    ---------------- 
 12,900,000          4.92p per share 
                    ----------------

ENDS

Enquiries

 
 Martin Rosser 
  Chief Executive 
  Mobile: +44 (0) 7770 865 341 
 Alexander Mining plc 
  Tel: +44 (0) 20 7078 9566 
  Email: mail@alexandermining.com 
  Website: www.alexandermining.com 
 
 Northland Capital Partners Limited 
  Matthew Johnson / Dugald J Carlean 
  (Corporate Finance) 
  Isabella Pierre (Corporate Broking) 
  Tel: +44 (0) 20 3861 6625 
  Turner Pope Investments (TPI) Ltd 
  Andy Thacker 
  Tel: +44 (0) 20 3621 4120

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END

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July 31, 2018 08:08 ET (12:08 GMT)

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