Dalradian Resources Inc. Dalradian Announces Director Dealings
12 December 2017 - 6:00PM
UK Regulatory
TIDMDALR
TORONTO, December 12, 2017 /Marketwired/ -- Dalradian Resources Inc.
(TSX:DNA; AIM:DALR) ("Dalradian" or the "Company") announces that it
has issued 216,165 common shares of no par value ("Common Shares")
following the exercise of options on 7 December 2017 by three of its
directors at an exercise price of $1.11. The Company also announces that
is was notified on 11 December 2017 that a Director of the Company sold
60,000 shares on 7 December, 45,300 shares on 8 December and 59,700
shares on 11 December 2017.
Details of the exercise of options and sale of shares and resulting
director shareholdings are shown in the table below.
Total
stock Interest
options in
held enlarged % of
following issued enlarged
Stock options exercised* and number of Common Shares the Shares share share
Directors issued exercise sold capital capital
Ron Gagel 24,812 580,000 Nil 199,812 0.06%
Thomas
Obradovich 41,353 580,000 Nil 262,853 0.07%
Sean Roosen 150,000 580,000 165,000 1,850,583 0.52%
Total 216,165 1,740,000 165,000 2,313,248 0.65%
* The options exercised were originally set to expire on August 7, 2017.
However, the expiry date was extended, in accordance with the Company's
Stock Option Plan, until 10 days after the Company's trading blackout
was lifted on 29 November 2017. The exercises by Mr. Gagel and Mr.
Obradovich used the cashless exercise option available under the
Company's Stock Option Plan.
Following the grant, the total number of options under the Company's
Stock Option Plan are 9,541,667.
Application has been made for the 216,165 Common Shares, which rank pari
passu with the existing Common Shares in issue, to be admitted to
trading on AIM and admission is expected to occur at 8:00am on or around
15 December 2017 ("Admission").
Following Admission, the Company will have in issue 355,484,053 Common
Shares. This figure 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, the Company
under the Financial Conduct Authority's Disclosure and Transparency
Rules.
About Dalradian Resources Inc.
Dalradian Resources Inc. is a mineral exploration and development
company that is focused on advancing its high-grade Curraghinalt Gold
Project located in Northern Ireland, United Kingdom.
For more information:
Marla Gale
Vice President Communications
+1 416 583 5600
investor@dalradian.com
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett / Richard Tonthat
+44 (0)20 7383 5100
Canaccord Genuity Limited (Broker)
Henry Fitzgerald-O'Connor / Martin Davison
+44 (0)20 7523 8000
DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR
CLOSELY ASSOCIATED PERSONS
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Ronald Gagel
2. Reason for the notification
a) Position/status: Director
b) Initial notification/Amendment: Initial Notification
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name: Dalradian Resources Inc.
b) LEI: 213800MHTI7RJG1B4M08
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place
where transactions have been conducted
a) Description of the financial instrument, type of instrument Common Shares of no par value
Identification Code ISIN: CA2354991002
b) Nature of the transaction Exercise of options to acquire common shares
c) Price(s) and volume 150,000 options exercised at $1.11, using the cashless
exercise option under the Company's Stock Option Plan,
to acquire 24,812 common shares
d) Aggregated information 150,000 options exercised at $1.11, using the cashless
exercise option under the Company's Stock Option Plan,
to acquire 24,812 common shares
e) Date of the transaction 7 December 2017
f) Place of the transaction Outside a trading venue
DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR
CLOSELY ASSOCIATED PERSONS
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Thomas Obradovich
2. Reason for the notification
a) Position/status: Director
b) Initial notification/Amendment: Initial Notification
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name: Dalradian Resources Inc.
b) LEI: 213800MHTI7RJG1B4M08
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place
where transactions have been conducted
a) Description of the financial instrument, type of instrument Common Shares of no par value
Identification Code ISIN: CA2354991002
b) Nature of the transaction Exercise of options to acquire common shares
c) Price(s) and volume 250,000 options exercised at $1.11, using the cashless
exercise option under the Company's Stock Option Plan,
to acquire 41,353 common shares
d) Aggregated information 250,000 options exercised at $1.11, using the cashless
exercise option under the Company's Stock Option Plan,
to acquire 41,353 common shares
e) Date of the transaction 7 December 2017
f) Place of the transaction Outside a trading venue
DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR
CLOSELY ASSOCIATED PERSONS
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Sean Roosen
2. Reason for the notification
a) Position/status: Director
b) Initial notification/Amendment: Initial Notification
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name: Dalradian Resources Inc.
b) LEI: 213800MHTI7RJG1B4M08
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place
where transactions have been conducted
a) Description of the financial instrument, type of instrument Common Shares of no par value
Identification Code ISIN: CA2354991002
b) Nature of the transaction Exercise of options to acquire common shares
c) Price(s) and volume 150,000 options exercised at $1.11 to acquire 150,000
common shares
d) Aggregated information 150,000 options exercised at $1.11 to acquire 150,000
common shares
e) Date of the transaction 7 December 2017
f) Place of the transaction Outside a trading venue
DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR
CLOSELY ASSOCIATED PERSONs
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Sean Roosen
2. Reason for the notification
a) Position/status: Director
b) Initial notification/Amendment: Initial Notification
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name: Dalradian Resources Inc.
b) LEI: 213800MHTI7RJG1B4M08
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place
where transactions have been conducted
a) Description of the financial instrument, type of instrument Common Shares of no par value
Identification Code ISIN: CA2354991002
b) Nature of the transaction Disposition of Common Shares
c) Price(s) and volume 60,000 shares at $1.2552
45,300 shares at $1.2572
59,700 shares at $1.2708
d) Aggregated information 165,000 shares at $1.2614
e) Date of the transaction 11 December 2017
f) Place of the transaction Toronto Stock Exchange
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Dalradian Resources Inc. via Globenewswire
http://www.dalradian.com/
(END) Dow Jones Newswires
December 12, 2017 02:00 ET (07:00 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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