| Tue 8 Dec 2009, 15:30 | | ANO - Anooraq Resources Corporation - Award of Options |
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ARQ
ARQ
ANO - Anooraq Resources Corporation - Award of Options
Anooraq Resources Corporation
Incorporated in British Columbia, Canada
Registration number 10022-2033
TSXV/JSE share code: ARQ
AMEX share code: ANO
ISIN: CA03633E1088
("Anooraq" or the "company")
AWARD OF OPTIONS
Notice is given in terms of paragraphs 3.63 to 3.65 of the Listings Requirements
of JSE Limited, of the award on 30 November 2009 of options in respect of the
company`s ordinary shares to the following directors of the company, as set out
in the table below:
Name of director Number of options Total value (CAD)
Philip Kotze 1,000,000 840,000
Tumelo Motsisi 800,000 672,000
Harold Motaung 510,000 428,400
Wayne Kirk 150,000 126,000
Rizelle Sampson 150,000 126,000
Sipho Nkozi 150,000 126,000
Anu Dhir 150,000 126,000
Fikile de Buck 150,000 126,000
Ronald Thiessen 150,000 126,000
The options have been granted in terms of the company`s stock option plan at the
strike price of CAD0.84 each. The options vest over the next three years as
follows:
One third: 30 November 2010
One third: 30 November 2011
One third: 30 November 2012
Once vested the options are exercisable immediately at the discretion of the
holder however, the options must be exercised by 30 November 2016, failing which
they lapse.
The aforementioned directors have been given the prescribed clearance to conduct
the transactions, and they each have a 100% direct and beneficial interest in
the options.
Parktown, Johannesburg
8 December 2009
MACQUARIE FIRST SOUTH ADVISERS (PTY) LIMITED
Sponsor
Date: 08/12/2009 15:30:03 Produced by the JSE SENS Department.
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