MOE Moto Goldmines

 

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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