Issue of Company Stock Options
26 Marzo 2009 - 1:06AM
UK Regulatory
TIDMMOE
RNS Number : 5136P
Moto Goldmines Limited
26 March 2009
"Not for dissemination in the United States or through any US newswire service"
NEWS RELEASE
FOR IMMEDIATE RELEASE
TSX Code - MGL
March 26, 2009 AIM Code - MOE
MOTO GOLDMINES - STOCK OPTIONS GRANTED TO DIRECTOR AND EMPLOYEE
PERTH, WESTERN AUSTRALIA -Moto Goldmines Limited ("the "Company"), announce the
granting of 300,000 stock options (the "Options"), each to subscribe for a
common share of the Company, to a Director and a senior employee, as of March
26, 2009. The Options were granted pursuant to the Company's Stock Option Plan.
The Options were granted at an exercise price of C$2.99. The exercise price is
determined pursuant to the Company's Stock Option Plan, being the volume
weighted average price of the Company's shares as traded on the Toronto Stock
Exchange, for the five days immediately preceding the grant date. The Options
will expire six years from the date of grant and will vest as set out below:
+----------------+--------------------+------------------+
| Optionee | Number of Options | Vesting Date |
+----------------+--------------------+------------------+
| A senior | 33,333 | Immediately |
| employee | 33,333 | March 25, 2010 |
| | 33,334 | March 25, 2011 |
+----------------+--------------------+------------------+
| Louis Watum | 200,000 | March 25, 2010 |
| (1) | | |
+----------------+--------------------+------------------+
(1) Mr. Watum is an Executive Director and the General Manager - DRC Operations
of the Company. Mr. Watum held options to acquire 150,000 Common Shares of the
Company at C$7.65 and 100,000 Common Shares of the Company at C$2.97 prior to
this most recent award, now giving him a total entitlement of options to acquire
an aggregate of 450,000 Common Shares of the Company.
For further information in respect of the Company's activities, please contact:
+-----------------------------------------+--------------------------------------+
| Andrew Dinning | Mark Arnesen |
+-----------------------------------------+--------------------------------------+
| President and Chief Operating Officer | Financial Director and Chief |
| | Financial Officer |
+-----------------------------------------+--------------------------------------+
| Tel: +61 8 9273 4222 | Tel: +61 8 9273 4222 |
+-----------------------------------------+--------------------------------------+
| email: adinning@motogoldmines.com | email: marnesen@motogoldmines.com |
+-----------------------------------------+--------------------------------------+
Moto Goldmines Limited website: www.motogoldmines.com
+-----------------------------------------+-----------------------------------------+
| Nominated advisor for the purposes of | RFC Corporate Finance Ltd |
| AIM: | Steve Allen |
| | Tel: +61 8 9480 2508 |
| | email: Steve.Allen@rfc.com.au |
+-----------------------------------------+-----------------------------------------+
| AIM Broker | GMP Securities Europe LLP |
| | James Hannon |
| | Tel: +44 207 647 2803 |
| | email: james.hannon@gmpeurope.com |
+-----------------------------------------+-----------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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