Pan Andean Resources PLC
26 September 2001
Pan Andean Resources announces that at a board meeting held on 25
September2001, the following options to acquire ordinary 1p shares were
granted to directors of the Company:
No. of Exercise
Options Price
John Teeling 400,000 8.5p
James Finn 400,000 8.5p
David Horgan 400,000 8.5p
Mauricio Gonzalez 400,000 8.5p
The options were granted for nil consideration and can be exercised at any
time up to 25 September 2008.