08:00 Fri 01 Jun 2018
Horizonte Minerals - Award of Options
NEWS RELEASE
AWARD OF OPTIONS
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The Awarded Options include the following amounts to a director or officer of the Company:
Director |
Number of Options |
Executive Director - |
8,000,000 |
Non-Executive Chairman - |
4,000,000 |
Non-Executive Director - |
3,500,000 |
Non-Executive Director - |
3,500,000 |
Non-Executive Director - |
3,500,000 |
Chief Financial Officer - |
4,000,000 |
38,150,000 of the Awarded Options have an exercise price of 4.80p. One third of the options are exercisable six months from the date of issue, one third 12 months from the date of issue and one third 18 months from the date of issue.
In addition, 1,500,000 options with an exercise price of 3.20p have been awarded to a contractor in line with the previous financial year's option scheme awards.
The total number of options outstanding is 134,300,000 which represents 9.4% per cent. of the current issued share capital of 1,432,521,800 ordinary shares.
Certain aspects of the award of Awarded Options are subject to TSX approval.
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Details of the person discharging managerial responsibilities/person closely associated |
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Reason for the notification |
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Position/status: |
Executive Director |
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b) |
Initial notification/Amendment: |
Initial Notification |
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
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b) |
LEI: |
n/a |
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument, type of instrument: Identification code: |
Ordinary shares of 1 penny per share GB00B11DNM70 |
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b) |
Nature of the transaction: |
Award of options |
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c) |
Price(s) and volume(s): |
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d) |
Aggregated information: · Aggregated volume: · Price: |
Single transaction as in 4 c) above
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Date of the transaction: |
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Place of the transaction: |
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Details of the person discharging managerial responsibilities/person closely associated |
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Reason for the notification |
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Position/status: |
Non-Executive Chairman |
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b) |
Initial notification/Amendment: |
Initial Notification |
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
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b) |
LEI: |
n/a |
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument, type of instrument: Identification code: |
Ordinary shares of 1 penny per share GB00B11DNM70 |
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b) |
Nature of the transaction: |
Award of options |
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c) |
Price(s) and volume(s): |
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d) |
Aggregated information: · Aggregated volume: · Price: |
Single transaction as in 4 c) above
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e) |
Date of the transaction: |
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f) |
Place of the transaction: |
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Details of the person discharging managerial responsibilities/person closely associated |
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Reason for the notification |
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Position/status: |
Non-Executive Director |
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b) |
Initial notification/Amendment: |
Initial Notification |
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
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b) |
LEI: |
n/a |
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument, type of instrument: Identification code: |
Ordinary shares of 1 penny per share GB00B11DNM70 |
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b) |
Nature of the transaction: |
Award of options |
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c) |
Price(s) and volume(s): |
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d) |
Aggregated information: · Aggregated volume: · Price: |
Single transaction as in 4 c) above
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e) |
Date of the transaction: |
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f) |
Place of the transaction: |
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Details of the person discharging managerial responsibilities/person closely associated |
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Reason for the notification |
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a) |
Position/status: |
Non-Executive Director |
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b) |
Initial notification/Amendment: |
Initial Notification |
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
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b) |
LEI: |
n/a |
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument, type of instrument: Identification code: |
Ordinary shares of 1 penny per share GB00B11DNM70 |
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b) |
Nature of the transaction: |
Award of options |
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c) |
Price(s) and volume(s): |
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d) |
Aggregated information: · Aggregated volume: · Price: |
Single transaction as in 4 c) above
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e) |
Date of the transaction: |
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f) |
Place of the transaction: |
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Details of the person discharging managerial responsibilities/person closely associated |
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Reason for the notification |
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a) |
Position/status: |
Non-Executive Director |
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b) |
Initial notification/Amendment: |
Initial Notification |
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
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b) |
LEI: |
n/a |
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument, type of instrument: Identification code: |
Ordinary shares of 1 penny per share GB00B11DNM70 |
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b) |
Nature of the transaction: |
Award of options |
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c) |
Price(s) and volume(s): |
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d) |
Aggregated information: · Aggregated volume: · Price: |
Single transaction as in 4 c) above
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e) |
Date of the transaction: |
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f) |
Place of the transaction: |
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Details of the person discharging managerial responsibilities/person closely associated |
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a) |
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Reason for the notification |
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a) |
Position/status: |
Chief Financial Officer |
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b) |
Initial notification/Amendment: |
Initial Notification |
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
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b) |
LEI: |
n/a |
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument, type of instrument: Identification code: |
Ordinary shares of 1 penny per share GB00B11DNM70 |
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b) |
Nature of the transaction: |
Award of options |
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c) |
Price(s) and volume(s): |
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d) |
Aggregated information: · Aggregated volume: · Price: |
Single transaction as in 4 c) above
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e) |
Date of the transaction: |
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f) |
Place of the transaction: |
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The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
* * ENDS * *
For further information visit www.horizonteminerals.com or contact:
Contacts:
+44 (0)203 356 2901
+44 (0)207 260 1000
+44 (0) 20 7220 0500
+44 (0) 20 7186 9952
Tavistock (Financial PR)
+44 (0) 20 7920 3150
About
The Company is developing Araguaia as the next major nickel mine in
Horizonte has a supportive shareholder structure including Teck Resources Limited, Canaccord Genuity Group,
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION
Except for statements of historical fact relating to the Company, certain information contained in this press release constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the potential of the Company's current or future property mineral projects; the success of exploration and mining activities; cost and timing of future exploration, production and development; the estimation of mineral resources and reserves and the ability of the Company to achieve its goals in respect of growing its mineral resources, and the realization of mineral resource and reserve estimates. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, and are inherently subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to risks related to: exploration and mining risks, competition from competitors with greater capital; the Company's lack of experience with respect to development-stage mining operations; fluctuations in metal prices; uninsured risks; environmental and other regulatory requirements; exploration, mining and other licences; the Company's future payment obligations; potential disputes with respect to the Company's title to, and the area of, its mining concessions; the Company's dependence on its ability to obtain sufficient financing in the future; the Company's dependence on its relationships with third parties; the Company's joint ventures; the potential of currency fluctuations and political or economic instability in countries in which the Company operates; currency exchange fluctuations; the Company's ability to manage its growth effectively; the trading market for the ordinary shares of the Company; uncertainty with respect to the Company's plans to continue to develop its operations and new projects; the Company's dependence on key personnel; possible conflicts of interest of directors and officers of the Company, and various risks associated with the legal and regulatory framework within which the Company operates. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
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