FOR: DALRADIAN RESOURCES INC.
TSX SYMBOL: DNA, DNA.WT
AIM SYMBOL: DALR
December 21, 2015
Dalradian Issues Options
TORONTO, ONTARIO--(Marketwired - Dec. 21, 2015) - Dalradian Resources Inc. (TSX:DNA)(AIM:DALR) ("Dalradian" or the
"Company") announces that the Company issued 2,050,000 stock options to its directors and a further 250,000 stock
options to staff on December 18. The stock options were issued in accordance with Dalradian's Stock Option Plan, are
exercisable into common shares of Dalradian at $0.67 (being the closing price on the Toronto Stock Exchange on December
17, 2015) over a five-year term. Vesting is immediate for the 250,000 options granted to Dr. Adshead-Bell. For the
remaining option grants, 683,334 vest immediately on the day the options were granted ("Grant Date"), 683,333 12 months
after the Grant Date and the final 683,333 24 months after the Grant Date.
The following table provides a breakdown of the stock options issued to directors and staff:
/T/
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Directors and staff Stock options Total stock options held
issued following the grant
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Thomas Obradovich 150,000 800,000
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Ron Gagel 150,000 700,000(i)
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Patrick Downey 150,000 400,000
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Jonathan Rubenstein 150,000 550,000
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Sean Roosen 150,000 850,000(i)
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Jim Rutherford 150,000 400,000
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D. Grenville Thomas 150,000 550,000
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Nicole Adshead-Bell 250,000 250,000
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Patrick F.N. Anderson 750,000 2,150,000(i)
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Marla Gale 175,000 475,000
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Other staff 75,000 250,000
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Total 2,300,000 7,375,000(i)
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/T/
Following the grant, the total number of options under the Company's Stock Option Plan are 11,035,000.
(i) 1,250,000 options with an exercise price of $0.75 are due to expire on January 6, 2016: 250,000 each held by Mr.
Gagel and Mr. Roosen and 750,000 held by Mr. Anderson. In addition, 400,000 options with an exercise price of $0.25 are
due to expire on January 6, 2016: 250,000 held by Mr. Anderson and 150,000 held by Mr. Roosen.
About Dalradian Resources Inc.
Dalradian Resources Inc. is a gold exploration and development company that is focused on advancing its high-grade
Curraghinalt Gold Project located in Northern Ireland, United Kingdom. The Company is in the midst of a work program in
support of a planning (permitting) application for construction of an operating mine at Curraghinalt. Components of the
program include a feasibility study, an environmental and social impact assessment, infill drilling and underground
exploration (885 metres of development with two test stopes).
For more information:
Marla Gale
Vice President Communications
+1 416 583 5622
investor@dalradian.com
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett / Richard Tonthat / Harrison Clarke
+44 (0)20 7383 5100
Canaccord Genuity Limited (Broker)
Henry Fitzgerald-O'Connor / Martin Davison
+44 20 7523 8000
Contact Information:
Dalradian Resources Inc.