Horizonte Minerals PLC Award of Options (6045I)

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RNS Number : 6045I

Horizonte Minerals PLC

01 September 2016

Horizonte Minerals plc / Index: AIM and TSX / Epic: HZM / Sector: Mining

NEWS RELEASE

1 September 2016

AWARD OF OPTIONS

_____________________________________________________________________

Horizonte Minerals Plc, (AIM:HZM, TSX:HZM) ('Horizonte' or 'the Company'), the AIM and TSX quoted exploration and development company focused in Brazil, has on the basis of the recommendation of its Remuneration Committee and in accordance with the rules of the Company's 2006 Option Scheme and Enterprise Management Incentive Scheme, awarded 15,000,000 options ('the Awarded Options') to directors and senior management. The Awarded Options include the following amounts to a director of the Company:

 
 Executive Director - 
  Jeremy Martin            2,500,000 
------------------------  ---------- 
 Non Executive Director 
  - Owen Bavinton          1,500,000 
------------------------  ---------- 
 Non Executive Director 
  - William Fisher         1,500,000 
------------------------  ---------- 
 Non Executive Director 
  - David Hall             1,500,000 
------------------------  ---------- 
 Non Executive Director 
  - Allan Walker           1,500,000 
------------------------  ---------- 
 

All of the Awarded Options have an exercise price of 3.00p. One third of the options are exercisable six months from the date of issue, one third 12 months from the date of issue and one third 18 months from the date of issue. The total number of options outstanding is 55.51 M which represents 7.7 % of current issued share capital of 721,934,300 ordinary shares.

**ENDS**

For further information visit www.horizonteminerals.com or contact:

 
 Jeremy Martin         Horizonte Minerals        Tel: +44 (0) 
                        plc                       20 7763 7157 
 David Hall            Horizonte Minerals        Tel: +44 (0) 
                        plc                       20 7763 7157 
 Joanna Weaving        finnCap Ltd (Corporate    Tel: +44 (0) 
  Christopher           Broking)                  20 7220 0500 
  Raggett               finnCap Ltd (Corporate    Tel: +44 (0) 
                        Finance)                  20 7220 0500 
 Lottie Brocklehurst   St Brides Partners        Tel: +44 (0) 
  Elisabeth             Ltd (PR)                  20 7236 1177 
  Cowell                St Brides Partners        Tel: +44 (0) 
                        Ltd (PR)                  20 7236 1177 
 

About Horizonte Minerals:

Horizonte Minerals plc is an AIM and TSX-listed nickel development company focused in Brazil, which wholly owns the advanced Araguaia nickel laterite project located to the south of the Carajás mineral district of northern Brazil. The Company is developing Araguaia as the next major nickel mine in Brazil, with targeted production by 2019.

Horizonte has a strong shareholder structure including Teck Resources Limited 26.1%, Henderson Global Investors 15.7% and Glencore 10.3%.

CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION

Except for statements of historical fact relating to the Company, certain information contained in this press release constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the potential of the Company's current or future property mineral projects; the success of exploration and mining activities; cost and timing of future exploration, production and development; the estimation of mineral resources and reserves and the ability of the Company to achieve its goals in respect of growing its mineral resources; and the realization of mineral resource and reserve estimates. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, and are inherently subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to risks related to: exploration and mining risks, competition from competitors with greater capital; the Company's lack of experience with respect to development-stage mining operations; fluctuations in metal prices; uninsured risks; environmental and other regulatory requirements; exploration, mining and other licences; the Company's future payment obligations; potential disputes with respect to the Company's title to, and the area of, its mining concessions; the Company's dependence on its ability to obtain sufficient financing in the future; the Company's dependence on its relationships with third parties; the Company's joint ventures; the potential of currency fluctuations and political or economic instability in countries in which the Company operates; currency exchange fluctuations; the Company's ability to manage its growth effectively; the trading market for the ordinary shares of the Company; uncertainty with respect to the Company's plans to continue to develop its operations and new projects; the Company's dependence on key personnel; possible conflicts of interest of directors and officers of the Company, and various risks associated with the legal and regulatory framework within which the Company operates.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

This information is provided by RNS

The company news service from the London Stock Exchange

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September 01, 2016 02:00 ET (06:00 GMT)