JUL 14, 2011 - 02:00 ET
African Copper Plc: Grant of Options
LONDON, UNITED KINGDOM--(Marketwire - July 14, 2011) - The Compensation Committee of African Copper Plc ("ACU" or "the Company"), (AIM:ACU)(BOTSWANA:AFRICAN COPPER) the AIM and Botswana listed copper producer and exploration company, announces that on 12 July 2011 it granted 17,150,000 options over ordinary shares in the capital of the Company under the African Copper Unapproved Share Option Plan at an exercise price of 3.13 pence per share, being the closing mid-market price on the day preceding the awards. The options have a maximum term of 10 years and are exercisable as to 40% immediately with the balance exercisable as to 20% on each of the next three annual anniversaries of the awards.
Notes to Editors:
African Copper Plc is an AIM and Botswana listed copper producer and exploration company, currently focused on Botswana. The Company's flagship project is the copper producing open pit Mowana Mine. ACU also operates the Thakadu copper mine. Both deposits are situated on the highly prospective Matsitama belt, located close to Botswana's second largest city, Francistown, in the north-eastern part of the country.
FOR FURTHER INFORMATION PLEASE CONTACT:African Copper Plc
Chief Financial Officer
+1 (416) 847 4866
Tavistock Communications (PR and IR)
Simon Hudson/Lydia Eades
+44 (0) 20 7920 3150
Canaccord Genuity (NOMAD and Broker)
Andrew Chubb/Tarica Mpinga
+44 (0) 20 7050 6500
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