Granting of Unquoted Options
17 Abril 2009 - 1:13AM
UK Regulatory
TIDMFND
AIM Release
17 April 2009
Capital Structure following Granting of Unquoted Options
1,000,000 unquoted options have been granted in accordance with the
Finders Resources Limited ("Finders", AIM & ASX ticker FND) Employee
Incentive Option Scheme.
Following are the terms of these options:
Exercise price is 30 cents.
Grant Date: 16 April 2009.
Each Option provides the right for the option holder to acquire one
fully paid Share upon payment of the Exercise Price for each Share.
i) 500,000 options
("Tranche 1 Options") vesting on 10 May 2009; and
ii) 500,000 options
("Tranche 2 Options") vesting on the securing of finance for
commercial production from the Full Scale Wetar Copper Project.
Expiry Date means:
i) in respect to Tranche 1 Options, the date which is 3
years after the Grant Date; and
ii) in respect to Tranche 2 Options, the date which is 5
years after the Grant Date.
Full Scale Wetar Copper Project: means the Wetar copper project
commissioned to produce at the rate approved by the Board following
completion of a feasibility study.
The capital structure of Finders Resources Ltd following the granting
of these Options is as follows:
+-------------------------------------------------------------------+
| Type of Security | Exercise | Expiry Date | Number in |
| | Price | | Issue |
|-------------------------+--------------+-------------+------------|
| Fully Paid Ordinary | | | |
| Shares ("Shares") | | | |
|-------------------------+--------------+-------------+------------|
| Total Shares previously | | | 90,852,468 |
| on issue | | | |
|-------------------------+--------------+-------------+------------|
| Total Shares now on | | | 90,852,468 |
| issue | | | |
|-------------------------+--------------+-------------+------------|
| Unlisted Options | | | |
|-------------------------+--------------+-------------+------------|
| Options previously on | AUD 68.75 | 13 June | 500,000 |
| issue | cents | 2010 | |
|-------------------------+--------------+-------------+------------|
| Options now on issue | | | 500,000 |
|-------------------------+--------------+-------------+------------|
| Options previously on | AUD 30 cents | 16 April | - |
| issue | | 2012 | |
|-------------------------+--------------+-------------+------------|
| Options granted | | | 500,000 |
|-------------------------+--------------+-------------+------------|
| Options now on issue | | | 500,000 |
|-------------------------+--------------+-------------+------------|
| Options previously on | AUD 30 cents | 16 April | - |
| issue | | 2014 | |
|-------------------------+--------------+-------------+------------|
| Options granted | | | 500,000 |
|-------------------------+--------------+-------------+------------|
| Options now on issue | | | 500,000 |
|-------------------------+--------------+-------------+------------|
| Total Unlisted Options | | | 1,500,000 |
| on issue | | | |
|-------------------------+--------------+-------------+------------|
| Convertible Notes | | | AUD |
|-------------------------+--------------+-------------+------------|
| Total value of | AUD 40 cents | 19 January | 2,323,972 |
| convertible notes now | | 2012 | |
| on issue | | | |
+-------------------------------------------------------------------+
For further information please contact
Finders Resources Ltd:
Russell Executive Chairman +61 2 9211 8299
Fountain
Chris Farmer Managing Director info@findersresources.com
Financial PR:
Doug Macdonald Capital Group (in +61 424 255 959
Australia)
Nick Elwes College Hill (in the UK) +44 20 7457 2020
RFC Corporate Finance Ltd - Nomad:
Rob Adamson Managing Director +61 2 9250 0000
Stuart Laing Executive Director +61 8 9480 2500
FinnCap - Finders' Broker for the AIM market:
Mathew Robinson Corporate Finance Director +44 20 7600 1658
Joe Lunn Analyst +44 20 7600 1658
=--END OF MESSAGE---
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
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