Issue of Options

Issue of Options

21 December, 2016

TETHYAN RESOURCES PLC

GRANT OF OPTIONS

Tethyan Resources PLC (“Tethyan” or the “Company”), announces that options have today been granted to certain directors, as set out below, at an exercise price of 2.4p, and exercisable up until the fifth anniversary of grant:

John Proust:  1,000,000 options
Mike Andrews:  1,000,000 options
Gokhan Kantarcigil:  200,000 options
Christopher Goss:  200,000 options

In addition, Fabian Baker, COO of the Company, has been awarded 1,000,000 options on the same terms as described above.

The grant of options is deemed to be a related party transaction for the purposes of Rule 13 of the AIM Rules. Peter Mullens and Didier Fohlen, being the independent directors of the Company for the purposes of the grant of options, consider, having consulted with the Company’s Nominated Adviser, that the terms of the grant of options are fair and reasonable insofar as the Shareholders are concerned.

For further information please contact:

Tethyan Resources PLC
+44 1534 881 885
Peter Mullens (CEO)
pjm@tethyan-resources.com

Cairn Financial Advisers LLP
+44 (0) 207 213 0880
James Caithie / Sandy Jamieson

 

About Tethyan

Tethyan is an AIM quoted junior exploration company exploring for copper and gold within the Tethyan mineral belt. Tethyan has an experienced Board and technical team. Currently Tethyan holds several licences in Serbia and is looking for other copper and gold projects in Eastern Europe, specifically Serbia and Bulgaria