Grant of Options
12 December 2006 - 3:00AM
UK Regulatory
RNS Number:6552N
Oriel Resources PLC
11 December 2006
AIM: ORI
TSX: ORL
PRESS RELEASE
December 11, 2006
Oriel Resources plc
Granting of Share Options to Directors of Oriel Resources plc
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The Directors of Oriel Resources Plc ("Oriel" or "the Company"), the
London-based chrome and nickel mining and processing company, announce the
granting of options (the 'Options') over its common shares as of 7 December 2006
to the Directors of the Company as follows:
Name of Director Date of Grant Number of Shares Number of Options
Under Option After Grant
Dr Sergey Kurzin 07/12/2006 5,000,000 6,750,000
Nicholas Clarke 07/12/2006 1,250,000 3,000,000
Takhirzhan Baratov 07/12/2006 1,750,000 2,500,000
Geoffrey Bush 07/12/2006 1,000,000 1,500,000
Roger Richer 07/12/2006 1,000,000 1,500,000
John Reynolds 07/12/2006 1,000,000 1,500,000
Alexander Nesis 07/12/2006 1,000,000 1,000,000
Ehud Rieger 07/12/2006 1,000,000 1,000,000
Neil Woodyer 07/12/2006 1,000,000 1,000,000
The Options were granted pursuant to the Company's Share Option Scheme at an
exercise price of #0.52.
The Options will vest as to one-third on the first, second and third
anniversaries of the date of grant and may not be exercised later than the fifth
anniversary of the date of grant, being 8 December 2011.
ENDS
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For further information please contact:
Tania Tchedaeva, Assistant Company Secretary, Oriel Resources plc
Tel: +44 (0) 20 7514 0590
Gavin Dallas, Marketing and PR, Oriel Resources plc
Tel: +44 (0) 20 7514 0590
Michael Padley / Michael Spriggs, Bankside Consultants
Tel: +44 (0) 20 7367 8888
Keith Schaefer, Vanguard Shareholder Solutions
Tel: + 1-604-608-0824
www.orielresources.com
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This information is provided by RNS
The company news service from the London Stock Exchange
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