Grant of Options
July 02 2010 - 2:00AM
UK Regulatory
TIDMMIRL
RNS Number : 6999O
Minera IRL Limited
02 July 2010
Minera IRL Announces Grant of Options
2 July 2010, Minera IRL Limited (AIM:MIRL) (TSX:IRL), (BVL:MIRL), the South
American precious metals mining company, announces that a total of 50,000
options over ordinary shares of nil par value in the Company ('Options') have
today been granted to Mr. Napoleon Valdez, non-executive director.
The Options are exercisable with immediate effect for 5 years at 72.5 pence per
share, being a 25% premium to the closing price on 1 July 2010 of 58 pence per
share.
Following the grant, Mr. Valdez will have a total interest in 50,000 Options.
For more information please contact:
+------------------------------------------------+-------------------+
| Minera IRL Limited | +511 4181230 |
| | |
| Trish Kent, Vice President, Corporate | |
| Relations | |
+------------------------------------------------+-------------------+
| | + 44 (0)20 7012 |
| Arbuthnot Securities (Nominated Adviser & | 2000 |
| Broker, London) | |
+------------------------------------------------+-------------------+
| Hugh Field / Richard Johnson | |
+------------------------------------------------+-------------------+
| | |
+------------------------------------------------+-------------------+
| The Equicom Group Inc. (Investor Relations, | +1 416 815 0700 |
| Canada) | (ext 267) |
| James Kitchen, Account Executive | |
+------------------------------------------------+-------------------+
| | + 44 (0)20 7367 |
| Bankside Consultants (Financial PR, London) | 8888 |
+------------------------------------------------+-------------------+
| Simon Rothschild | |
+------------------------------------------------+-------------------+
| Louise Mason | |
+------------------------------------------------+-------------------+
| | |
| | |
| Company's web site, www.minera-irl.com. | |
| | |
| | |
+------------------------------------------------+-------------------+
Minera IRL Limited is the AIM, TSX and BVL listed holding company of precious
metals mining and exploration companies focused in Latin America. Minera IRL is
led by an experienced senior management team with extensive industry experience,
particularly in operating in South America. The Group operates the Corihuarmi
Gold Mine and the emerging Ollachea Gold Project in Peru as well as the Don
Nicolas Project in Argentina.
The Toronto Stock Exchange neither approves nor disapproves the information
contained in this News Release.
Some of the statements contained in this release are forward-looking statements,
such as estimates and statements that describe the Company's future plans,
objectives or goals, including words to the effect that the Company or
management expects a stated condition or result to occur. Since forward-looking
statements address future events and conditions, by their very nature, they
involve inherent risks and uncertainties.
While these forward-looking statements, and any assumptions upon which they are
based, are made in good faith and reflect our current judgment regarding the
direction of our business, actual results will almost always vary, sometimes
materially, from any estimates, predictions, projections, assumptions or other
future performance suggestions herein. Except as required by applicable law,
Minera IRL Limited does not intend to update any forward-looking statements to
conform these statements to actual results.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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