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Griffin Mining News
Griffin Mining Limited (“Griffin” or the “Company”) has been notified that Great Welland Corporation has exercised options over 6,000,000 new ordinary shares in Griffin at an exercise price of 5 pence per share to raise £300,000 for the Company. These options were acquired by Great Welland Corporation on 27th February 2004 from Frick Pty Ltd (a company associated with the Chairman of Griffin, Mr Mladen Ninkov), such options having been originally granted on 26th March 2001. Following the issue of these new ordinary shares Great Welland Corporation will have an interest in 6,000,000 ordinary shares in the Company, representing 3.4% of the ordinary shares in the Company. Mr William Mulligan a non-executive director of Griffin has exercised options over 300,000 new ordinary shares in Griffin at an exercise price of 5 pence per share. Following the issue of these new ordinary shares Mr William Mulligan will have an interest in 300,001 ordinary shares representing 0.2% of the issued share capital of Griffin. Application has today been made for the new ordinary shares issued on the exercise of the aforementioned options to be admitted to trading on AIM which is expected to occur on Friday 5th March 2004. Following the issue of these new ordinary shares there will be 176,527,731 Griffin ordinary shares in issue.
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Griffin Mining Limited 6th Floor 60 St James's Street London SW1A 1LE |
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Tel: +44 (0)20 7629 7772 Fax: +44 (0)20 7629 7773 |
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