AAAM African Aura

 

TIDMAAAM 
 
RNS Number : 9055L 
African Aura Mining Inc. 
13 May 2010 
 

 
 
 
 NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE 
                                    SERVICES. 
 
13 May 2010 
                            African Aura Mining Inc 
TSX-V:  AUR 
AIM:     AAAM 
                 Grant of Stock Options and Director's Dealings 
 
The Board of African Aura Mining Inc ("African Aura" or the "Company") announces 
that, pursuant to its Stock Option Plan, it has granted incentive stock options 
to the directors and certain employees of the Company. The share options have 
been granted over a total of 1,250,000 common shares of no par value ("Common 
Shares"), representing approximately 1.49% of the issued share capital of the 
Company at an exercise price of Cdn$1.25 per share, being equal to the closing 
price of the Common Shares on the TSX-V on 12 May 2010 (being the latest 
practical date prior to the grant of the options), exercisable immediately and 
for a period of five years from 13 May 2010 ("Options"). 
 
 The allocation of Options to directors is as follows: 
 
+-----------+-----------+---------+---------+ 
|           |           |  New    |  Total  | 
|           |           |Options  |Options  | 
|           |           | issued  |  held   | 
+-----------+-----------+---------+---------+ 
| David     | Chairman  |200,000  |755,123  | 
| Netherway |           |         |         | 
+-----------+-----------+---------+---------+ 
| Luis      | President |200,000  |757,500  | 
| da        | & CEO     |         |         | 
| Silva     |           |         |         | 
+-----------+-----------+---------+---------+ 
| Steven    | Director  |200,000  |557,938  | 
| Poulton   |           |         |         | 
+-----------+-----------+---------+---------+ 
| Guy       | Director  |150,000  |618,750  | 
| Pas       |           |         |         | 
+-----------+-----------+---------+---------+ 
| David     | Director  |150,000  |612,500  | 
| Evans     |           |         |         | 
+-----------+-----------+---------+---------+ 
| Boris     | Director  |150,000  |150,000  | 
| Granovsky |           |         |         | 
+-----------+-----------+---------+---------+ 
 
These Options were issued for nil consideration. 
 
About African Aura Mining Inc. 
African Aura is an established exploration and development company listed on the 
TSX-V (AUR) and London's AIM (AAAM). The Company operates two divisions, namely 
iron ore and gold: 
 
·     The iron ore division includes its 38.5% interest in the Putu iron ore 
project in Liberia (1.08 billion tonnes of iron ore at 37.6% total iron, from 
drilling on less than 25% of the Putu ridge) in Liberia which is moving through 
pre-feasibility managed by its joint venture partner Severstal Resources (the 
mining division of Moscow listed OAO Severstal). The division also includes a 
100% interest in the Nkout iron ore project and surrounding iron targets in 
Cameroon. 
 
·     The gold division includes the multi million ounce potential New Liberty 
greenstone gold deposit, which is being advanced through a bankable feasibility 
study and the proximal Weaju, Gondoja and Silver Hills projects, all in western 
Liberia. 
 
·     In addition, the Company has a 31.8% interest in AIM listed diamond 
producer Stellar Diamonds Plc (AIM: STEL, www.stellar-diamonds.com). 
 
The Company has a highly motivated and experienced team with a track record of 
discovering mines and taking projects through development and into production. 
As a pioneer, African Aura has attracted some excellent strategic partners and 
shareholders always with the objective of preserving or enhancing shareholder 
value. For further information on the Company you are invited to visit its 
website at www.african-aura.com, or SEDAR's website at www.sedar.com, or contact 
one of the following: 
 
African Aura Mining Inc. 
Luis da Silva, President & CEO                                 Tel:  +44 (0) 20 
7257 2930 
 
Evolution Securities Limited 
Simon Edwards / Chris Sim / Neil Elliot                     Tel:  +44 (0) 20 
7071 4300 
 
Pelham Bell Pottinger 
Charles Vivian / James MacFarlane                           Tel:  +44 (0) 20 
7337 1500 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 RDSQXLFFBEFFBBX 
 

Grafico Azioni African Aura (LSE:AAAM)
Storico
Da Giu 2024 a Lug 2024

Grafico Azioni African Aura (LSE:AAAM)
Storico
Da Lug 2023 a Lug 2024