Gold Oil PLC
09 October 2006
FOR IMMEDIATE RELEASE 9th October 2006
Gold Oil plc
Issue of Warrants to Directors and Staff
Directors' Dealings
Gold Oil Plc ('The Company') announces the issue to its Directors and staff
twenty two (22) million warrants to purchase 0.025p Ordinary Shares of the
Company.
The warrants are distributed as follows:
+-------------------------+------------+
|Michael Norman Burchell | 5,400,000|
+-------------------------+------------+
|John Gary Moore | 10,000,000|
+-------------------------+------------+
|Staff | 6,600,000|
+-------------------------+------------+
The warrants are open to exercise on or before 6th October 2009 at a
subscription price of 9.00p per share. The warrants have been issued as a
continuation of the Board's policy of providing performance based incentives.
Following the recent exercise of warrants, Mr. Gary Moore has disposed of
1,150,000 shares to leave the net increase in his holding of 1,150,000 shares.
Mr. Moore's shareholding has increased to 21,150,000 shares, representing a
holding of 5.05% of the Company's issued share capital.
In addition, Non Executive Director Mr. Pat Mahony has disposed of 575,000
shares following exercise of warrants and no longer has holding in the Company's
issued share capital.
ENQUIRIES:
Gary Moore Managing Director; Tel: 01737833597
Email: gmoore@goldoilplc.com
Mike Burchell Chairman; Tel: 01372361772
Email: mikeburchell@hotmail.com
Roland Cornish Beaumont Cornish Limited; Tel: 020 7628 3396
This information is provided by RNS
The company news service from the London Stock Exchange