Cambridge Mineral - Grant of Share Options
FOR: CAMBRIDGE MINERAL RESOURCES PLC
AIM SYMBOL: CMR
April 2, 2008
Grant of Share Options
LONDON, UNITED KINGDOM--(Marketwire - April 2, 2008) - Cambridge Mineral
Resources plc (AIM:CMR)('CMR' or 'the
Company'), the mining exploration and production company, announces details of
the grant of share options over ordinary
shares of 1p each of the capital of the Company. A total of 16,500,000 share
options were granted to directors and a
further 5,000,000 share options granted to employees yesterday.
The details of the directors share option grants are as follows:
Colin Michael Neil Nevianka
Andrew Burton Maclachlan Mateeva
Total
Option 1
Number of
options 4,125,000 1,500,000 1,375,000 750,000 500,000
Exercise pounds
price sterling 0.03
Exercise
period 3 years
Option 2
Number of
options 5,500,000 2,000,000 1,833,333 1,000,000 666,667
Exercise pounds
price sterling 0.05
Exercise
period 5 years
Option 3
Number of
options 6,875,000 2,500,000 2,291,667 1,250,000 833,333
Exercise pounds
price sterling 0.07
Exercise
period 7 years
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Totals 16,500,000 6,000,000 5,500,000 3,000,000 2,000,000
The 5,000,000 share options to be granted to employees are on the same terms
and proportions as those above ie 1,250,000 at pounds sterling 0.03 for 3
years, 1,666,666 at pounds sterling 0.05 for 5 years and 2,083,334 at pounds
sterling 0.07 for 7 years.
Share options previously granted to directors and employees are as follows:
Number of Exercise Exercise Date
options price period granted
450,000 pounds sterling 0.20 7 years 31/12/2001
375,000 pounds sterling 0.1025 7 years 19/02/2003
125,000 pounds sterling 0.145 7 years 19/02/2003
500,000 pounds sterling 0.035 2 years 01/04/2007
---------
1,450,000
The total number of share options now in issue are 22,950,000, representing
7.88% of the Company's total ordinary shares in issue.
Editors' Note
Cambridge Mineral Resources plc is an AIM-quoted mining and exploration
company.
CMR's principal focus is the exploration for, and production of, precious
metals in South America. It also owns
interests in gold, copper, zinc and uranium projects in Europe.
The Company has a strong portfolio of mineral projects at varying stages of commercialization,
supporting its strategy
of providing shareholders with attractive upside opportunities.
FOR FURTHER INFORMATION PLEASE CONTACT:
Cambridge Mineral Resources plc
Michael Burton
Director
020 7663 5618
Website: www.cambmin.co.uk
Ruegg & Co Limited
Gavin Burnell / Brett Miller
Nominated Adviser
020 7584 3663
Hichens, Harrison and Co Plc
Colin Rowbury
Broker
020 7382 7771
Haywood Securities (UK) Limited
Tom Beattie
Broker
020 7031 8018
Bankside Consultants
Michael Padley / Louise Davis
Financial Public Relations
020 7367 8888
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Cambridge Mineral Resources Plc
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