GFM Griffin Mining Limited

RNS Number:4488P
Griffin Mining Ld
12 January 2007



                              GRIFFIN MINING LIMITED
              60 St James's Street, London SW1A 1LE, United Kingdom
       Telephone: + 44 (0)20 7629 7772  Facsimile:  + 44 (0)20 7629 7773
                       E mail: griffin@griffinmining.com

                               12th JANUARY 2007

                              EXERCISE OF OPTIONS

DIRECTORS' DEALING

Griffin Mining Limited ("Griffin" or the "Company") announces that on 11 January
2007 it has been notified of the exercise of options granted to certain
directors and management in March 2004 over 9,266,667 new ordinary shares in the
Company at an exercise price of 30p per share (the "Options") to raise
#2,780,000 for the Company.

The Company has been further notified that on 11 January 2007 9,000,000 ordinary
shares issued following the exercise of the Options have been placed with a
major institutional investor at a price of #1.11 per share.  The Options have
been exercised by, and the new Ordinary shares issued have been transferred by,
the following:

                                                  Number of Options exercised   Number of shares retained
Kimble International Inc                                            6,000,000                           -
Roger Goodwin (Director)                                            1,700,000                     266,667
Dal Brynelsen (Director)                                              600,000                           -
William Mulligan (Director)                                           600,000                           -
Other management                                                      366,667                           -
Total                                                               9,266,667                     266,667

The Company has been notified that Kimble International Inc acquired the options
over 6,000,000 new ordinary shares in the Company on the 8th January 2007 from
Frick Pty Ltd (a company associated with the Chairman of Griffin, Mr Mladen
Ninkov).

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 by the 18th January 2007. Following the issue of these new
ordinary shares there will be 193,327,731 Griffin ordinary shares in issue.

Further information

Mladen Ninkov - Chairman                                                Telephone: +44(0)20 7629 7772
Roger Goodwin - Finance Director
Griffin Mining Limited

Adrian Hadden                                                           Telephone: +44(0)20 7523 8350
Collins Stewart Europe Limited

Hugo de Salis                                                           Telephone: +44(0) 20 7242 4477
St Brides Media & Finance Ltd


Griffin Mining Limited's shares are quoted on the Alternative Investment Market
                (AIM) of the London Stock Exchange (symbol GFM).

The Company's news releases are available on the Company's web site:
www.griffinmining.com



                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

RDSBDGDBLDBGGRD

Griffin Mining (LSE:GFM)
Historical Stock Chart
Von Jun 2024 bis Jul 2024

Griffin Mining (LSE:GFM)
Historical Stock Chart
Von Jul 2023 bis Jul 2024