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PLATINA RESOURCES LIMITED — Director's Dealing 2007
Oct 11, 2007
65555_rns_2007-10-11_5f1dfdae-aff9-4f9e-8f87-40f5ba2d863a.pdf
Director's Dealing
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ACN 119 007 939
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ASX Announcement
12 October 2007
Director Options
The board of Platina Resources Limited (ASX: PGM), a platinum metals group exploring in Australia and Greenland, has resolved to issue the following options to directors of the Company:
| Director | Number ofoptions |
|---|---|
| Robert Mosig (Executive Chairman)John Ferguson (Non‐Executive Director)Brian Moller (Non‐Executive Director) | 2,000,0001,000,000250,000 |
| 3,250,000 |
The options will have an exercise price of $1.40 each and exercisable on or before 31 December 2010.
In determining the exercise price of the options, the board had regard for the Volume Weighted Average Price (VWAP) of the Company’s shares over recent periods, as set out below:
| VWAP for the last | 1 | month | $1.04 |
|---|---|---|---|
| VWAP for the last | 3 | months | $0.84 |
The issue of the options is subject to shareholder approval, which will be sought at the Company’s upcoming Annual General Meeting. Further details of the proposed option issue will be provided in the AGM meeting materials, to be sent to shareholder shortly, as required by the ASIC and the ASX.
On behalf of the board, D P Cornish Company Secretary
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