Empire Metals Limited

Share Issue/Capital Change • Jul 30, 2018

National Storage Mechanism | Additional information

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RNS Number : 1395W

Georgian Mining Corporation

30 July 2018

30 July 2018

Georgian Mining Corporation ('GEO or 'the Company')

Grant of Options to CEO and Director Shareholding

Georgian Mining Corporation announces that the Remuneration Committee has agreed to issue options over a total of 2 million ordinary shares of no par value in the capital of the Company ("Share Options") to CEO, Mike Struthers. The Share Options will vest immediately and will expire on 26 July 2023. The exercise price of the options will be as follows:

Exercise price (£)	0.14	0.20
Number of options granted	1,000,000	1,000,000

The Share Options represent in aggregate 1.74% of the existing issued ordinary share capital of the Company.

Following the grant of the Share Options, in aggregate there will be 8,550,000 ordinary shares of no par value of the Company under option to directors and employees of the Company, representing 7.45% of the existing issued ordinary share capital of the Company.

The grant of the Share Options described in this announcement is a related party transaction for the purposes of Rule 13 of the AIM Rules.  Neil O'Brien, Gregory Kuenzel, Laurence Mutch and Peter Damouni, being independent directors of Georgian Mining for the purposes of AIM Rule 13, consider, having consulted with the Company's Nominated Adviser, SP Angel Corporate Finance LLP, that the terms of the related party transaction are fair and reasonable insofar as the shareholders of the Company are concerned.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the directors' participation in the Placing.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Michael Struthers

2.

Reason for the notification

a)

Position/status:

Chief Executive Officer

b)

Initial notification/Amendment:

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Georgian Mining Corporation

b)

LEI:

2138002IOR7OCZZPB279

4.

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

a)

Description of the financial instrument, type of instrument:

Identification code:

Share options over ordinary shares of no par value

VGG9688A1003

b)

Nature of the transaction:

Grant of options over ordinary shares

c)

Price(s) and volume(s):

Price(s)	Volume(s)
14 pence	1,000,000
20 pence	1,000,000

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

Price(s)	Volume(s)
14 pence	1,000,000
20 pence	1,000,000

e)

Date of the transaction:

2018-07-30

09:10 hrs BST

f)

Place of the transaction:

Outside a trading venue

**ENDS**

For further information please visit www.georgianmining.com  or contact:

Mike Struthers	Georgian Mining Corporation	Company	Tel: 020 7907 9327
Ewan Leggat	S. P. Angel Corporate Finance LLP	Nomad & Broker	Tel: 020 3470 0470
Soltan Tagiev	S. P. Angel Corporate Finance LLP	Nomad & Broker	Tel: 020 3470 0470
Damon Heath	Shard Capital Partners LLP	Joint Broker	Tel: 020 7186 9950
Camilla Horsfall	Blytheweigh	PR	Tel: 020 7138 3224
Simon Woods	Blytheweigh	PR	Tel: 020 7138 3204

About Georgian Mining Corporation

Georgian Mining Corporation has 50% ownership and operational control of the Bolnisi Copper and Gold Project in Georgia, situated on the prolific Tethyan Belt, a well-known geological region and host to many high-grade copper-gold deposits and producing mines.  The Bolnisi licence covers an area of over 860 sq km and has a 30-year mining licence with a variety of targets and projects ranging from greenfield exploration / target definition phase through intermediate target-testing phases to more advanced projects including Kvemo Bolnisi East which will advance to Feasibility Study in 2018.  These projects are proximal to several advanced projects and existing mining operations owned by the Company's joint venture partner, and their sister production company.  Georgia has an established mining code and is a jurisdiction open to direct foreign investment.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

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