Alien Metals Limited

Director's Dealing • Sep 1, 2020

National Storage Mechanism | Additional information

RNS Number : 6675X

Alien Metals Limited

01 September 2020

Trading Symbols

AIM: UFO

FWB: I3A1

1 September 2020

Alien Metals Ltd

("Alien Metals" or "the Company")

CEO Appointment and Grant of Share Options

Alien Metals Ltd (LSE AIM:UFO) ("Alien Metals" or "the Company"), a minerals exploration and development company, is pleased to announce the appointment of Technical Director, Bill Brodie Good, as CEO of the Company with immediate effect. Bill has been a director of Alien Metals since July 2019 and, in that time, has been heavily involved in the Company's technical and corporate activities.

Non-executive Chairman Dan Smith said: "I have been working closely with Bill now for over a year and I have been impressed with his commitment and focus to help drive the Company forward. By appointing Bill as the CEO, the Company is essentially formalising the role Bill has been fulfilling."

Additionally, the Company announces that following a recommendation of the Nomination & Remuneration Committee, it has granted options over the Common shares of the Company ("Options") to directors under the terms of the Company's EMI Share Option Plan, which also makes provision for the award of non-EMI share options, as set out below.

The Exercise Price premium as set out below, is by reference to the closing mid-market price of 0.41 pence on 28 August 2020, the day the agreement was reach to issue the Options, and ranges from 10% to 37%. Furthermore, based on the 30-day VWAP of 0.281 pence the premium ranges from 60% to 96%.

Bill Brodie Good (Chief Executive Officer)

No. Unapproved Options	Exercise Price (pence)	Exercisable from	Exercisable to
15,000,000	0.45	6 months from issue	3 years from issue
15,000,000	0.50	12 months from issue	3 years from issue
15,000,000	0.55	12 months from issue	3 years from issue

James Cable (Non-Executive Director)

No. Unapproved Options	Exercise Price (pence)	Exercisable from	Exercisable to
1,875,000	0.45	6 months from issue	3 years from issue
1,875,000	0.50	12 months from issue	3 years from issue
3,750,000	0.55	12 months from issue	3 years from issue

Mark Culbert (Non-Executive Director)

No. Unapproved Options	Exercise Price (pence)	Exercisable from	Exercisable to
1,875,000	0.45	6 months from issue	3 years from issue
1,875,000	0.50	12 months from issue	3 years from issue
3,750,000	0.55	12 months from issue	3 years from issue

The aggregate number of share options awarded on 31 August 2020 was 60,000,000, representing 2.53% of the Company's issued share capital.  

Following this award of Options, the directors have the following interests in options of the Company:

Director	No. Options	Exercise Price (pence)	Exercisable from	Exercisable to
Dan Smith	3,085,627 3,085,627 6,171,255	0.25 0.25    0.25	29 June 2019 29 September 2019 29 March 2020	28 March 2024 28 March 2024 28 March 2024
Bill Brodie Good	3,000,000 3,000,000 4,000,000 15,000,000 15,000,000 15,000,000	0.22 0.30 0.45 0.45 0.50 0.55	1 October 2019 1 October 2019 1 October 2019 10 March 2021 10 September 2021 10 September 2021	28 March 2024 28 March 2024 28 March 2024 10 September 2023 10 September 2023 10 September 2023
James Cable	500,000 1,100,000 1,875,000 1,875,000 3,750,000	1.00 0.25 0.45 0.50 0.55	10 February 2017 29 March 2019 10 March 2021 10 September 2021 10 September 2021	9 February 2022 28 March 2024 10 September 2023 10 September 2023 10 September 2023
Mark Culbert	1,875,000 1,875,000 3,750,000	0.45 0.50 0.55	10 March 2021 10 September 2021 10 September 2021	10 September 2023 10 September 2023 10 September 2023

For further information please visit the Company's website at www.alienmetals.uk, or contact:

Alien Metals Limited Bill Brodie Good, CEO & technical Director St-James' Corporate Services, Company Secretary Tel: +44 20 7796 8644	First Equity Limited (Joint Broker)         Jason Robertson  Tel +44 (0)20 7374 2212
Beaumont Cornish Limited (Nomad) James Biddle/ Roland Cornish www.beaumontcornish.com Tel: +44 (0) 207 628 3396	Novum Securities Limited (Joint  Broker) Jon Belliss Tel +44 (0)20 7399 9425
Blytheweigh (Financial PR) Megan Ray/Rachael Brooks Tel: +44 (0) 207 138 3204	Turner Pope Investments (TPI) Limited (Joint  Broker) Andy Thacker/ Zoe Alexander Tel +44 (0)20 3657 0050

Notes to Editors

Alien Metals Ltd is a mining exploration and development company listed on AIM of the London Stock Exchange (LSE: UFO). The Company's focus is on precious and base metal commodities.

Alien Metals has embarked upon an acquisition-led strategy headed by a high-quality geological team to build a strong portfolio of diversified assets including two recent acquisitions in 2019. These include the Brockman and Hancock Ranges high-grade (Direct Shipping Ore) iron ore projects and the Elizabeth Hill Silver projects both located in the Pilbara region, Western Australia.

In addition to progressing and developing its portfolio of assets and following its strategic review of its portfolio of silver and precious metals projects in Mexico, Alien Metals has identified priority exploration targets within its 9 mining concessions which it is working to advance systematically. The Company's silver projects are located in the Zacatecas State, Mexico's largest silver producing state which produced over 190m oz of silver in 2018 alone accounting for 45% of the total silver production of Mexico for that year.

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