Exercise of Options
April 24 2008 - 10:04AM
UK Regulatory
RNS Number:0561T
Oriel Resources PLC
24 April 2008
AIM: ORI
TSX: ORL
PRESS RELEASE
24 April, 2008
Oriel Resources Plc ("Oriel" or the "Company")
Exercise of Options
________________________________________________________________________________
Oriel Resources plc (AIM:ORI, TSX:ORL) announces that options over ordinary
shares of 1p each in the share capital of the Company under the Company's share
option scheme were exercised on 18 April 2008.
Details of the options exercised are as follows:
Number of options Exercise Price
150,000 49p
Accordingly, application has been made for 150,000 ordinary shares of 1p each in
the Company, which will rank pari passu with existing ordinary shares, to be
admitted to trading on AIM. The admission is expected to occur on or about 25
April 2008. Following the exercise of these options the total issued capital of
the Company will be 639,723,213 ordinary shares.
ENDS
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For further information please contact:
Tania Tchedayeva, Assistant Company Secretary, Oriel Resources Plc
Tel: +44 (0) 20 7514 0590
Gavin Dallas, Marketing and PR, Oriel Resources Plc
Tel: +44 (0) 20 7514 0590
Ryan Gaffney, Canaccord Adams Limited
Tel: +44 (0) 20 7050 6500
Michael Padley / Michael Spriggs, Bankside Consultants
Tel: +44 (0) 20 7367 8888
Keith Schaefer, Vanguard Shareholder Solutions
Tel: + 1 604 608 0824
www.orielresources.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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