Scotgold Resources Ltd Incentive Option Package for ChiefExecutiveOfficer (2048S)
July 06 2015 - 2:00AM
UK Regulatory
TIDMSGZ
RNS Number : 2048S
Scotgold Resources Ltd
06 July 2015
Scotgold Resources Limited
Incentive Option Package for Chief Executive Officer
Scotgold announces that it has entered into two Incentive Option
Agreements with Mr Richard Gray, Chief Executive Officer. The grant
of the options is subject to shareholder and regulatory approval
which will be sought at the earliest available opportunity.
The Incentive Option Agreements are structured as two
tranches.
The first, Tranche A, is for 5 Million options to acquire
ordinary shares at an exercise price of 0.6p, which will vest and
become exercisable when the Company has successfully concluded the
financing of the Cononish Gold and Silver Project.
The second, Tranche B, is for 33 Million options to acquire
ordinary shares at an exercise price of 0.6p, which will vest and
become exercisable when the Cononish Gold and Silver Project
produces its first dore.
Each option is exercisable into one ordinary fully paid share in
Scotgold. The agreements were entered into on 30(th) June 2015 and
the options will lapse on 30 June 2025.
Scotgold Resources Limited Westhouse Securities Limited
Richard Gray
Chief Executive Officer Martin Davison
Tel: +44 (0)7905 884 021 Tel: +44 (0)20 7601 6100
Capital Markets Consultants Vicarage Capital Limited
Simon Rothschild Rupert Williams
Tel +44 (0)7703 167 065 Tel: +44 (0)20 3651 2911
This information is provided by RNS
The company news service from the London Stock Exchange
END
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