Exercise of Options
January 27 2005 - 10:46AM
PR Newswire (US)
Exercise of Options 27 January 2005 EXERCISE OF OPTIONS Nelson
Resources Limited (the "Company") today announces that it has
issued 962,000 common shares of USD$0.01 in the Company ("Common
Shares") in respect of share options exercised on 18 January 2005.
These options were held by a former employee of the Company. In
addition, the Company has applied for a block listing on the
Alternative Investment Market of the London Stock Exchange of
46,215,635 Common Shares of USD$0.01 in the Company issuable on the
exercise of stock options. These options were granted pursuant to
the Company's stock option plan as approved by shareholders. The
shares associated with this block listing have not been issued and
there is no assurance that they will be issued. Accordingly,
application has been made for 47,177,635 Common Shares in the
Company, which will rank pari passu with existing Common Shares, to
be admitted to trading on the Alternative Investment Market (AIM).
It is expected that admission will become effective and dealings
will commence at 8.00am on 28 January 2005. For further
information, please contact:
---------------------------------------- Fred Hodder, Senior Vice
President Tel: 020 7495 8908 Nelson Resources Limited
fhodder@nelsonresources.co.uk END
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