Horizonte Minerals PLC Award of Options (6045I)
01 September 2016 - 4:00PM
UK Regulatory
TIDMHZM
RNS Number : 6045I
Horizonte Minerals PLC
01 September 2016
Horizonte Minerals plc / Index: AIM and TSX / Epic: HZM /
Sector: Mining
NEWS RELEASE
1 September 2016
AWARD OF OPTIONS
_____________________________________________________________________
Horizonte Minerals Plc, (AIM:HZM, TSX:HZM) ('Horizonte' or 'the
Company'), the AIM and TSX quoted exploration and development
company focused in Brazil, has on the basis of the recommendation
of its Remuneration Committee and in accordance with the rules of
the Company's 2006 Option Scheme and Enterprise Management
Incentive Scheme, awarded 15,000,000 options ('the Awarded
Options') to directors and senior management. The Awarded Options
include the following amounts to a director of the Company:
Executive Director -
Jeremy Martin 2,500,000
------------------------ ----------
Non Executive Director
- Owen Bavinton 1,500,000
------------------------ ----------
Non Executive Director
- William Fisher 1,500,000
------------------------ ----------
Non Executive Director
- David Hall 1,500,000
------------------------ ----------
Non Executive Director
- Allan Walker 1,500,000
------------------------ ----------
All of the Awarded Options have an exercise price of 3.00p. One
third of the options are exercisable six months from the date of
issue, one third 12 months from the date of issue and one third 18
months from the date of issue. The total number of options
outstanding is 55.51 M which represents 7.7 % of current issued
share capital of 721,934,300 ordinary shares.
**ENDS**
For further information visit www.horizonteminerals.com or
contact:
Jeremy Martin Horizonte Minerals Tel: +44 (0)
plc 20 7763 7157
David Hall Horizonte Minerals Tel: +44 (0)
plc 20 7763 7157
Joanna Weaving finnCap Ltd (Corporate Tel: +44 (0)
Christopher Broking) 20 7220 0500
Raggett finnCap Ltd (Corporate Tel: +44 (0)
Finance) 20 7220 0500
Lottie Brocklehurst St Brides Partners Tel: +44 (0)
Elisabeth Ltd (PR) 20 7236 1177
Cowell St Brides Partners Tel: +44 (0)
Ltd (PR) 20 7236 1177
About Horizonte Minerals:
Horizonte Minerals plc is an AIM and TSX-listed nickel
development company focused in Brazil, which wholly owns the
advanced Araguaia nickel laterite project located to the south of
the Carajás mineral district of northern Brazil. The Company is
developing Araguaia as the next major nickel mine in Brazil, with
targeted production by 2019.
Horizonte has a strong shareholder structure including Teck
Resources Limited 26.1%, Henderson Global Investors 15.7% and
Glencore 10.3%.
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION
Except for statements of historical fact relating to the
Company, certain information contained in this press release
constitutes "forward-looking information" under Canadian securities
legislation. Forward-looking information includes, but is not
limited to, statements with respect to the potential of the
Company's current or future property mineral projects; the success
of exploration and mining activities; cost and timing of future
exploration, production and development; the estimation of mineral
resources and reserves and the ability of the Company to achieve
its goals in respect of growing its mineral resources; and the
realization of mineral resource and reserve estimates. Generally,
forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or statements
that certain actions, events or results "may", "could", "would",
"might" or "will be taken", "occur" or "be achieved".
Forward-looking information is based on the reasonable assumptions,
estimates, analysis and opinions of management made in light of its
experience and its perception of trends, current conditions and
expected developments, as well as other factors that management
believes to be relevant and reasonable in the circumstances at the
date that such statements are made, and are inherently subject to
known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or
achievements of the Company to be materially different from those
expressed or implied by such forward-looking information, including
but not limited to risks related to: exploration and mining risks,
competition from competitors with greater capital; the Company's
lack of experience with respect to development-stage mining
operations; fluctuations in metal prices; uninsured risks;
environmental and other regulatory requirements; exploration,
mining and other licences; the Company's future payment
obligations; potential disputes with respect to the Company's title
to, and the area of, its mining concessions; the Company's
dependence on its ability to obtain sufficient financing in the
future; the Company's dependence on its relationships with third
parties; the Company's joint ventures; the potential of currency
fluctuations and political or economic instability in countries in
which the Company operates; currency exchange fluctuations; the
Company's ability to manage its growth effectively; the trading
market for the ordinary shares of the Company; uncertainty with
respect to the Company's plans to continue to develop its
operations and new projects; the Company's dependence on key
personnel; possible conflicts of interest of directors and officers
of the Company, and various risks associated with the legal and
regulatory framework within which the Company operates.
Although management of the Company has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking information,
there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that
such statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such statements.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHLLFFETIILVIR
(END) Dow Jones Newswires
September 01, 2016 02:00 ET (06:00 GMT)
Horizonte Minerals (LSE:HZM)
Historical Stock Chart
From Apr 2024 to May 2024
Horizonte Minerals (LSE:HZM)
Historical Stock Chart
From May 2023 to May 2024