| Fri 12 Oct 2007, 10:54 | | EPS - Eastern Platinum Limited - News release |
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EPS
EPS
EPS - Eastern Platinum Limited - News release
EASTERN PLATINUM LIMITED
(Incorporated in Canada)
(Canadian Registration number BC0722783)
(South African Registration number 2007/006318/10)
Share Code TSX: ELR ISIN: CA2768551038
Share Code AIM: ELR ISIN: CA2768551038
Share Code JSE: EPS ISIN: CA2768551038
EASTERN PLATINUM LIMITED: NEWS RELEASE
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 11, 2007) - Eastern Platinum
Limited (the `Company`) (TSX:ELR)(AIM:ELR)(JSE:EPS) reports that on October 4,
2007, in accordance with the Company`s Stock Option Plan (the `Option Plan`) and
the policies of the Toronto Stock Exchange (the `TSX`) it granted Incentive
Stock Options on 15,090,000 shares of the Company`s capital stock, exercisable
up to October 5, 2017 at a price of $2.31 per share. The exercise price of these
options was set at market price as defined by TSX policy.
These options were granted to employees and officers of the Company, including
Directors Mr. Ian Rozier and Mr. David Cohen as to 3,925,000 options each,
1,200,000 options to Mr. John Andrews, and 200,000 options each to Mr. Gordon
Keep, Mr. Jeff Hawkrigg and Mr. Merfyn Roberts.
The Company has a total of 668,128,194 issued and outstanding shares, a market
capitalization of approximately Cdn$1.8 billion on an undiluted basis, and has
working capital of approximately Cdn$200,000 million.
12 October 2007
FOR FURTHER INFORMATION PLEASE CONTACT:
Eastern Platinum Limited
Investor Relations
(604) 685-6851
(604) 685-6493 (FAX)
Email: info@eastplats.com
Website: www.eastplats.com
NOMAD: Canaccord Adams Limited, London
+44 20 7050 6500
Email: Robin.Birchall@canaccordadams.com or
Email: Clayton.Bush@canaccordadams.com
JSE Sponsor: PSG Capital (Pty) Limited
+27 21 887 9602
Email: andreg@psgcapital.com or
Email: anjem@psgcapital.com
Date: 12/10/2007 10:54:05 Produced by the JSE SENS Department.
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