Mercer Resources PLC Grant of Options (7017Q)

TIDMMCR

RNS Number : 7017Q

Mercer Resources PLC

17 October 2013

Mercer Resources Plc (AIM:MCR)

("Mercer" or the "Company")

Grant of Options

The Company announces that on 16 October 2013 it granted options to Directors over a total of 200,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares").

The following Directors of the Company were granted options as detailed below:

 
                   Number of options   Exercise   Exercise Period 
                             granted      Price 
 
                                                   At any time up 
                                                    to 15 October 
 Shahed Mahmood              100,000     1.175p              2018 
                                                   At any time up 
                                                    to 15 October 
 Trevor Wells                100,000     1.175p              2018

The total number of Ordinary Shares over which the Directors hold options following this notification is:

 
                   Total number of options 
                      over ordinary shares 
 
 Shahed Mahmood                    100,000 
 Trevor Wells                      100,000

Enquiries:

 
Trevor Wells                  Mercer Resources plc           020 3301 9331 
Nominated Adviser             Cairn Financial Advisers 
 James Caithie/Avi Robinson    LLP                           020 7148 7900 
 
Broker 
 Charles Goodfellow/Heena     Peterhouse Corporate Finance 
 Karani                        Limited                       020 7469 0932

This information is provided by RNS

The company news service from the London Stock Exchange

END

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