TIDMGWMO

RNS Number : 2378V

Great Western Mining Corp. plc

26 January 2017

Great Western Mining Corporation PLC

("Great Western Mining", "GWM" or the "Company")

Issue of Share options

Great Western Mining (AIM: GWMO & ESM: 8GW) announces that it has issued a total of 24 million share options to Directors, in accordance with the rules of the Company's Share Option Plan 2014 as approved by shareholders on 17 July, 2014.

The awards were approved by the Board on 26 January, 2017 (the "Award Date").

The Exercise Price is Sterling 0.5 pence per share, representing a premium of 15% over the closing price on 25 January, 2017. The options are for seven years and will vest 33.3% on the first, second and third anniversary of the grant of award. This is the first award of options that the Company has made under the 2014 scheme, and represents the total number of options outstanding to Directors.

Share options issued to Directors:

   Brian Hall                            4,000,000 
   David Fraser                       8,000,000 
   Melvyn Quiller                 6,000,000 
   Robert O'Connell            6,000,000 

Great Western Mining currently has 389,823,809 ordinary shares of EUR0.0001 in issue.

ENQUIRIES:

 
 Great Western Mining      +44 207 933 8795 (via Walbrook) 
  Corporation Plc 
  David Fraser, Chief 
  Executive 
 Davy (Nomad, ESM          +353 1 679 6363 
  Adviser & Joint           john.frain@davy.ie 
  Broker)                   roland.french@davy.ie 
  John Frain 
  Roland French 
 
   Beaufort Securities 
   Ltd (Joint Broker) 
   Jon Belliss 
   Elliot Hance              +44 207 382 8300 
 Walbrook PR (UK           +44 207 933 8795 
  PR and IR)                greatwesternmining@walbrookpr.com 
  Paul Cornelius 
  Gary Middelton 
  Nick Rom 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 26, 2017 09:29 ET (14:29 GMT)