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| | Tue Jan 12, 2010
Grant of Stock Options
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| | NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES.
12 January 2010
TSX-V: AUR
AIM: AAAM
Grant of Stock Options
The Board of African Aura Mining Inc ("African Aura" or the "Company") announces that, pursuant to its Stock Option Plan, it has granted incentive stock options to certain directors and employees of the Company. The share options were granted over a total of 1,208,750 common shares, representing approximately 2.3% of the issued share capital of the Company at an exercise price of Cdn$1.22 per share, exercisable immediately and for a period of five years from 8 January 2010.
The allocation of stock options to directors was as follows:
| Recipient |
Position |
New
Options
Issued
|
Total
Options
Held
|
| David Netherway |
Chairman |
300,000 |
555,123 |
| Luis da Silva |
President & CEO |
220,000 |
557,500 |
| Guy Pas |
Director |
125,000 |
468,750 |
| David Evans |
Director |
125,000 |
462,500 |
| Steven Poulton |
Director |
150,000 |
357,938 |
These options were issued for nil consideration.
About African Aura Mining Inc.
African Aura is an established African exploration and development company listed on the TSX-V (AUR) and London's AIM (AAAM). African Aura is focused on the development of world-class iron ore and gold deposits in highly prospective, under explored countries of sub-Saharan Africa. The Company has a highly motivated and experienced team with a record of discovering mines and taking projects through development and into production in African.
African Aura's assets include the New Liberty gold deposit and the Putu iron ore project, both in Liberia, as well as a 59% interest in diamond producer Stellar Diamonds Ltd. A pioneer in Africa, African Aura has attracted some excellent strategic partners and shareholders always with the objective of preserving or enhancing shareholder value. For further information on the Company you are invited to visit its website at www.african-aura.com, or SEDAR's website at www.sedar.com, or contact one of the following:
African Aura Mining Inc.
Luis da Silva, President & CEO Tel: +44 (0) 20 7299 4212
Evolution Securities Limited
Simon Edwards / Chris Sim / Neil Elliot Tel: +44 (0) 20 7071 4300
Pelham Public Relations
Charles Vivian / James MacFarlane Tel: +44 (0) 20 7337 1500 |
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