African Copper PLC

African Copper PLC

November 21, 2011 02:00 ET

African Copper Plc: Cancellation of 500,000 Stock Options

LONDON, UNITED KINGDOM--(Marketwire - Nov. 21, 2011) - African Copper PLC (the "Company" or "ACU") (AIM:ACU)(BOTSWANA:AFRICAN COPPER), the AIM and Botswana listed copper producer and exploration company, announces that it has cancelled 500,000 stock options granted to a director, Professor Stephen Simukanga.

Professor Simukanga is also a director of ZCI Limited as well as ACU and both companies have jointly decided to cancel the options to ensure there are no independence concerns. The options were granted on 14 July 2011 at an exercise price of 3.13 pence per share and none have been taken up to date.

Notes to Editors:

African Copper Plc is an AIM and Botswana listed copper producer and exploration company, currently focused on Botswana. The Company's flagship project is the copper producing open pit Mowana Mine. ACU also owns the rights to the adjacent Thakadu-Makala deposit. Both deposits are situated on the highly prospective Matsitama belt, located close to Botswana's second largest city, Francistown, in the north-eastern part of the country.

Contact Information

  • African Copper Plc
    Brad Kipp
    Chief Financial Officer
    +1 (416) 847 4866

    Tavistock Communications (PR and IR)
    Simon Hudson
    +44 (0) 20 7920 3150

    Canaccord Genuity (NOMAD and Broker)
    Andrew Chubb/Tarica Mpinga
    +44 (0) 20 7050 6500