Issue of Stock Options
18 Maio 2009 - 4:11AM
UK Regulatory
TIDMMOE
RNS Number : 3960S
Moto Goldmines Limited
18 May 2009
"Not for dissemination in the United States or through any US newswire service"
NEWS RELEASE
FOR IMMEDIATE RELEASE
TSX Code - MGL
MAY 18, 2009 AIM Code - MOE
MOTO GOLDMINES - STOCK OPTIONS GRANTED TO CHAIRMAN
PERTH, WESTERN AUSTRALIA -Moto Goldmines Limited (the "Company") announces the
grant of 133,950 stock options (the "Options") to Samuel Esson Jonah, KBE, as of
May 15, 2009. The Options were granted pursuant to the terms of his engagement
as a director and Chairman of the Company and pursuant to the Company's Stock
Option Plan.
Each Option entitles Mr. Jonah to purchase one Common Share in the Company at an
exercise price of C$2.83 per share. The Options will expire six years from the
date of grant and will vest as set out below:
+-------------------+-------------+-------------+
|Number of Options | Vesting |Expiry Date |
| | Date | |
+-------------------+-------------+-------------+
| 44,650 | May 15, | May 15, |
| | 2009 | 2015 |
+-------------------+-------------+-------------+
| 44,650 | May 15, | May 15, |
| | 2010 | 2015 |
+-------------------+-------------+-------------+
| 44,650 | May 15, | May 15, |
| | 2011 | 2015 |
+-------------------+-------------+-------------+
Prior to this grant of options, Mr. Jonah held options to acquire
5,085,100 Common Shares of the Company (at exercise prices ranging from C$2.60
to C$7.65). He now has a total entitlement of options to acquire an aggregate of
5,219,050 Common Shares. Mr. Jonah also holds 2,717,874 Common Shares of the
Company.
For further information in respect of the Company's activities, please contact:
+-----------------------------------------+--------------------------------------+
| Andrew Dinning | Mark Arnesen |
+-----------------------------------------+--------------------------------------+
| President and Chief Operating Officer | Financial Director and Chief |
| Tel: +61 8 9273 4222 | Financial Officer |
| Email: adinning@motogoldmines.com | Tel: +61 8 9273 4222 |
| | Email: marnesen@motogoldmines.com |
+-----------------------------------------+--------------------------------------+
Moto Goldmines Limited website: www.motogoldmines.com
+-----------------------------------------+-----------------------------------------+
| Nominated advisor for the purposes of | RFC Corporate Finance Ltd |
| AIM: | Steve Allen |
| | Tel: +61 8 9480 2508 |
| | Email: Steve.Allen@rfc.com.au |
+-----------------------------------------+-----------------------------------------+
| AIM Broker | GMP Securities Europe LLP |
| | James Hannon |
| | Tel: +44 207 647 2803 |
| | Email: james.hannon@gmpeurope.com |
+-----------------------------------------+-----------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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