Director Shareholding
August 19 2004 - 12:27PM
UK Regulatory
19 August 2004
NELSON RESOURCES LIMITED
GRANT OF STOCK OPTIONS
Nelson Resources Limited (AIM: NLG and NLGa; TSX: NLG) (the "Company") today
announced that it has granted a total of 11,852,000 stock options to its
directors, officers and employees. The options are for the Company's common
shares with a par value of USD$0.01, and were granted on 18 August 2004 at an
exercise price of CAD$1.45.
The options that were granted to the Company's directors are as follows:
Exerciseable:
Director's Name No. of Options From Until
-------------------------------------------------------------------------------
Nick Zana 1,300,000 Later of 18 August 2009
Baltabek Kuandykov 250,000 and 180 days after
Mirbulat Abuov 1,000,000 18 August 2004 cessation of
Askar Alshinbaev 1,000,000 directorship/employment,
Arvind Tiku 4,000,000 to a maximum of 10 years
-------------------------------------------------------------------------------
Robert Connon 1,000,000 Later of 18 August 2009
Peter Luis O. Gross 1,000,000 1/3 from 18 Aug 2004; and 180 days after
Aziz Ait-Said 1,000,000 1/3 from 18 Aug 2005; cessation of
Gilles Thieffry 1,000,000 1/3 from 18 Aug 2006 directorship/employment,
to a maximum of 10 years
-------------------------------------------------------------------------------
For further information, please contact:
Fred Hodder, CFO Tel: 020 7495 8908
Nelson Resources Limited fhodder@nelsonresources.co.uk
END
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