TORONTO, May 1, 2013 /CNW/ - Patagonia Gold Plc
(TSX: PAT, AIM: PGD) today announced that on April 30, 2013, Marc
Sale, a director of the Company, transferred options over
1,000,000 ordinary shares of one
pence each to a party connected to him.
The options that have been transferred were granted on
February 18, 2004 and have an
exercise price of eight pence.
Following the transfer Mr. Sale remains interested in 5,475,000
options over ordinary shares of one
pence each in the Company.
About Patagonia Gold
Patagonia Gold Plc is a mining company that
seeks to grow shareholder value through exploration, development
and production of gold and silver projects in the southern
Patagonia region of Argentina. The
Company is primarily focused on three projects: the flagship
Cap-Oeste project, the nearby COSE project and the Lomada heap
leach project, which is generating free cash flow. Patagonia Gold,
indirectly through its subsidiaries or under option agreements, has
mineral rights to over 220 properties in several provinces of
Argentina and Chile, and is one of the largest landholders
in the province of Santa Cruz.
Patagonia Gold is listed on the AIM market of
the London Stock Exchange under the symbol PGD and on the Toronto
Stock Exchange (TSX) under the symbol PAT.
SOURCE Patagonia Gold plc