Last checked at 14 Apr 2011 12:52
For immediate release 14 April 2011
URU Metals Limited
("URU Metals", "URU" or the "Company")
Director's Share Dealings
URU Metals Limited (AIM: URU), the metals exploration and development company with uranium interests in Niger and South America, and nickel interests in Southern Africa, was notified on 14 April 2011 that Paul Loudon, Non-executive Chairman of the Company, had made two separate purchases, on 13 April and 14 April, of 250,000 and 50,000 Ordinary Shares of the Company at a price of 8.68 and 9.00 pence per Ordinary Share respectively.
Paul Loudon is interested in a total of 300,000 Ordinary Shares, representing approximately 0.26 per cent of the issued share capital of the Company.
In addition, as announced on 22 October 2010, Paul Loudon has options over 1,500,000 Ordinary Shares at an exercise price of 4.88 pence per Ordinary Share. These options will vest in three equal annual instalments commencing on 21 October 2011 and will expire, unless exercised, on or before 20 October 2020.
For further information:
URU Metals
Gordon Cassidy, Finance Director
Tel: +27 (0)11 269 4900
Beaumont Cornish Limited (Nominated Adviser)
Michael Cornish
Tel: +44 (0)20 7628 3396
Daniel Stewart& Co Plc (Broker)
Sean Lunn
Tel: +44 (0)20 7776 6561
Brand: Mining IR
Andre Morrall /Dr Iestyn Adams
Tel: +44 (0)151 531 7908