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
SOURCE: Patagonia Gold plc
For further information:
Bill Humphries / Nigel Everest
Patagonia Gold Plc
Tel: +44 (0)20 7409 7444
Barnes Communications Inc.
Tel: +1 (416) 367-5000
Angela Hallett/James Spinney
Strand Hanson Ltd
Tel: +44 (0)20 7409 3494
Mirabaud Securities LLP
Tel: +44 (0)20 7484 3510
David Bick / Mark Longson
Square 1 Consulting
+44 (0)20 7929 5599