Business
Issue of Options
Issue of Options.
About this update from Arc Minerals Limited
[{"type":"text","content":"\n\n Ortac Resources Limited 19 October 2010 \n \n\nOrtac Resources Ltd / Epic: OTC / Market: AIM / Sector: Mining & Exploration\n19 October 2010\nOrtac Resources Limited ('Ortac' or 'the Company')\nIssue of Options\n \nOrtac Resources Limited, the AIM listed exploration and development company focussed on the development of precious metal projects in Europe, announces that today, it has resolved to grant options over 25 million ordinary shares of 0.10 pence each in the Company to key management.\nThe options have been granted as part of an overall strategy to remunerate and incentivise key management. The criteria for eligibility include workload, operational input, the disparity between actual salary and market equivalent rates and parity with other management and staff within the organisation.\nIt has been resolved that the options have been granted to the following persons:\n\n\n\n\n\n\n\nPosition\n\n\nNo. of Options\n\n\nExercise price\n\n\nExpiry date\n\n\n% of current issued share capital \n \n\n\n\n\nGordon Lewis\n\n\nProject Director\n\n\n5,000,000\n\n\n£0.01\n\n\n31 December 2020\n\n\n0.29%\n\n\n\n\nSlovakia based staff\n\n\nVarious \n\n\n20,000,000\n\n\n£0.01\n\n\n31 December 2020\n\n\n1.15%\n\n\n\n\n \n \n**ENDS**\n \n\n\n\n\nFor further information please visit www.ortacresources.com or contact:\n\n\n\n\nVassilios Carellas\n\n\nOrtac Resources Ltd\n\n\nTel: +44 (0) 20 7440 0646\n\n\n\n\nCharles Wood\n\n\nOrtac Resources Ltd\n\n\nTel: +44 (0) 20 7440 0646\n\n\n\n\nRoland Cornish\n\n\nBeaumont Cornish Limited\n\n\nTel: +44 (0) 20 7628 3396\n\n\n\n\nRosalind Hill Abrahams\n\n\nBeaumont Cornish Limited\n\n\nTel: +44 (0) 20 7628 3396\n\n\n\n\nHugo de Salis\n\n\nSt Brides Media & Finance Ltd\n\n\nTel: +44 (0) 20 7236 1177\n\n\n\n\nLottie Brocklehurst\n\n\nSt Brides Media & Finance Ltd\n\n\nTel: +44 (0) 20 7236 1177\n\n\n\n\n \nNotes:\nOrtac Resources Limited is an AIM listed exploration and development company focussed on the development of precious metal projects in Europe. Its focus is on the Carpatho Balkan Metallogenic Belt, initially the Central Slovakian Volcanic Field where past and present production and resources exceed 9 million ounces of gold.\n \nThe Company's initial project is the Kremnica Gold Project in Slovakia which has been reported ...