Landore Resources Limited
23 January 2008
Landore Resources Limited
('Landore' or 'the Company')
Exercise and Grant of Options
Landore is pleased to announce that £294,700 (before and after expenses) has
been raised following the exercise of 3,800,000 options in the Company by
William Humphries. Following the exercise of these options, William Humphries
will be interested in 13,950,000 ordinary shares of 1p each in the Company
('Ordinary Shares') representing approximately 11.10 per cent. of the Company's
issued share capital.
Application will be made for the admission of 3,800,000 new Ordinary Shares to
trading on AIM. The new Ordinary Shares will rank pari passu with the existing
Ordinary Shares and it is expected that admission will occur at 8.00 a.m. on 29
January 2008.
Following admission of the new Ordinary Shares, the total number of voting
rights in the Company's Ordinary Shares will be 125,632,798, which may be used
by shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to their
interest in, Landore under the Financial Service Authority's Disclosure and
Transparency Rules.
The Company is also pleased to announce that on 22 January 2008 the Directors
approved the grant of options over a further 4,500,000 Ordinary Shares to
William Humphries. The options are exercisable (in whole or in part) at any time
up to the fifth anniversary of the date of grant and are exercisable at a price
of 13.75 pence per share. Following the grant of these options, William
Humphries will hold a total of 5,000,000 options.
Enquiries:
Bill Humphries / Richard Prickett
Landore Resources Limited
Tel: 07734 681262
Tel: 07775 651421
Simon Raggett / Angela Peace
Strand Partners Limited
Tel: 020 7409 3494
David Bick
Tel: 07831 381201
This information is provided by RNS
The company news service from the London Stock Exchange