Directors' Dealing and Exercise of Options (6904A)
April 03 2012 - 2:00AM
UK Regulatory
TIDMMIRL
RNS Number : 6904A
Minera IRL Limited
03 April 2012
Minera IRL Directors' Dealing and Exercise of Options
London and Toronto, 3 April 2012: Minera IRL Limited ("Minera
IRL" or the "Company"), (TSX:IRL) (AIM:MIRL) (BVL:MIRL) the Latin
America gold mining company, announces that on 2 April 2012, the
following Directors of the Company dealt in the ordinary shares of
the Company and exercised options as detailed below:
Name Transaction Date of Number Price of Shareholding % of the
transaction of transaction following Company's
ordinary transaction issued
shares share
transacted capital
held
following
the
transaction
----------------- ----------------- ----------------- --------------- ---------------- ----------------- ----------------
Courtney Sale 2 April 2,000,000 64 pence n/a n/a
Chamberlain 2012
----------------- ----------------- ----------------- --------------- ---------------- ----------------- ----------------
Courtney Exercise 2 April
Chamberlain of options 2012 2,000,000 45 pence 3,492,692 2.31%
----------------- ----------------- ----------------- --------------- ---------------- ----------------- ----------------
Douglas Sale 2 April 70,000 64 pence n/a n/a
Jones 2012
----------------- ----------------- ----------------- --------------- ---------------- ----------------- ----------------
Douglas Exercise 2 April
Jones of options 2012 100,000 45 pence 322,936 0.21%
----------------- ----------------- ----------------- --------------- ---------------- ----------------- ----------------
Graeme Sale 2 April 50,000 64 pence n/a n/a
Ross 2012
----------------- ----------------- ----------------- --------------- ---------------- ----------------- ----------------
Graeme Exercise 2 April
Ross of options 2012 50,000 45 pence 5,000 0.00%
----------------- ----------------- ----------------- --------------- ---------------- ----------------- ----------------
Napoleon 2 April
Valdez Purchase 2012 500,000 64 pence 544,000 0.36%
----------------- ----------------- ----------------- --------------- ---------------- ----------------- ----------------
Application has been made for the 2,230,000 new ordinary shares
created as the result of option exercises to be admitted to trading
on AIM. Trading is expected to begin on 9 April 2012.
Following the admission of the new shares to trading, the
Company will have 151,072,884 Ordinary Shares in issue.
For more information please contact:
Minera IRL
Trish Kent, Vice President, Corporate Relations +511 418 1230
Canaccord Genuity Limited (Nominated Adviser
& Broker, London)
John Prior + 44 (0)20 7523
Adam Miller 8350
Minera IRL Limited is the AIM traded, 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
operating in South America. The Group operates the Corihuarmi Gold
Mine and the advanced gold projects Ollachea in Peru and Don
Nicolas in Argentina. For more information, please visit
www.minera-irl.com.
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 or regulation, 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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