13 January 2017
Imperial Minerals plc
(the "Company")
Grant of Options
The Company announces that it has granted 5,000,000 options ("Options") over
ordinary shares of 0.1pence each in the share capital of the Company ("Ordinary
Shares"). The Options are being granted to the directors of the Company as
remuneration and incentivisation arrangements for the financial year ending
2017 and may be exercised at any time up to the fifth anniversary from the date
of this announcement. The Options are exercisable at a price of 4 pence per
Ordinary Share, being a premium of 100 per cent. to the last fund raising as
announced on 9 December 2016. The Options equate to 16.26 per cent. of the
current issued share capital of the Company. Following this grant, James
Hamilton has 2,500,000 Options in total and Russell Hardwick has 2,500,000
Options in total.
The Directors of the Company accept responsibility for the contents of this
announcement.
For further information please contact:
Imperial Minerals plc
Russell Hardwick
Tel: + 61 417 714 292
Peterhouse Corporate Finance Limited
Guy Miller and Mark Anwyl
Tel: 020 7469 0930