Issue of Equity
25 May 2007 - 3:01AM
UK Regulatory
RNS Number:2109X
Zambezi Nickel Ltd
24 May 2007
Zambezi Nickel Limited
("Zambezi Nickel" or the "Company")
Issue of Options
Zambezi Nickel confirms today that at a board meeting of the Company, the
directors approved the issue of options over ordinary shares of 1p each in the
company ("Options") to the following non-executive directors of the Company:
* 350,000 Options to Julian Ford;
* 350,000 Options to Geoff Johnson; and
* 350,000 Options to Jeremy Wrathall.
The Options were issued in lieu of salary for the period 1 November 2006 to 31
April 2007; are exercisable at any time until 31 April 2010 and can be exercised
at a price of 10p per share.
The non-executive directors listed above hold no other Options over the
Company's shares.
For further information contact:
David Youngman, W.H. Ireland Ltd. Tel: +44 (0) 161 832 6644
Jim Kerr, Zambezi Nickel Ltd Tel: +61 (0) 8 9216 9000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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