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DREADNOUGHT RESOURCES LTD — Remuneration Information 2014
Dec 18, 2014
64785_rns_2014-12-18_42ce11fd-80e7-4b63-adfd-72d25599cff0.pdf
Remuneration Information
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Australian Securities Exchange Announcement
19 December 2014
ASX Market Announcements Australian Securities Exchange 20 Bridge Street SYDNEY NSW 2000
Exploration Manager Receives Discovery Reward
Tychean Resources Ltd (ASX:TYK) ( Tychean or the Company ) advises that in recognition of performance and as a further incentive, Exploration Manager Mr Matthew Svensson has been granted 10,000,000 Performance Rights ( Rights ) with the following principal terms:
The Rights have been granted to Mr Svensson for no consideration;
The Rights will vest on publication by Tychean of a resource estimate of any category reported in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (2012 Edition) in respect of the Company’s Redback gold discovery at the Spargoville Gold Project in the eastern goldfields of Western Australia;
Upon vesting, Mr Svensson will be issued with one fully paid ordinary share in Tychean for each Right, for no consideration;
If the Rights have not vested on or before 1 January 2016, or such later date as agreed, they will automatically lapse (with no value) on that day.
For further information please contact:
Mr Joe Houldsworth Mr Duncan Gordon Managing Director Executive Director Tychean Resources Ltd Adelaide Equity Partners Limited M: 0487 924 326 M: 0404 006 444
Further information relating to Tychean Resources Ltd and its various exploration projects can be found at its website: www.tycheanresources.com
Tychean Resources Limited ACN 119 031 864 | Level 3, 100 Pirie Street, Adelaide SA 5000 | Phone 61 8 7324 3195| Fax 61 8 8312 5576| Email [email protected] | web www.tycheanresources.com