ORI Oriel Res.

    RNS Number : 6140X
  Oriel Resources PLC
  26 June 2008
   



    AIM: ORI
    TSX: ORL
                    PRESS RELEASE
    26 June, 2008

    Oriel Resources Plc ("Oriel" or the "Company")
    Exercise of warrants
    _________________________________________________________________________ _____________

    Oriel Resources plc (AIM:ORI, TSX:ORL) announces that warrants (AIM:ORIW) over ordinary shares of 1p each in the share capital of the
Company were exercised on 25 June 2008.

    Details of the warrants exercised are as follows:

 Number of warrants  Exercise Price
 5,000               75p
       
    Accordingly, application will be made for 5,000 ordinary shares of 1p each in the Company, which will rank pari passu with existing
ordinary shares, to be admitted to trading on AIM. The admission is expected to occur on or about 1 July 2008. Following the exercise of
these warrants the total issued capital of the Company will be 641,675,324 ordinary shares.

    ENDS
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    For further information please contact:

    Alexander Tolkach
Head of International Relations & Affairs Relations, Mechel OAO
Tel: +7 495 221 8888

    Tania Tchedaeva, Oriel Resources Plc
    Tel: +44 (0) 20 7514 0590

    Gavin Dallas, Investor Relations, Oriel Resources Plc
    Tel: +44 (0) 20 7514 0590

    Ryan Gaffney, Canaccord Adams Limited
    Tel: +44 (0) 20 7050 6500

    Michael Padley / Michael Spriggs, Bankside Consultants
    Tel: +44 (0) 20 7367 8888

    Keith Schaefer, Vanguard Shareholder Solutions
    Tel: + 1 604 608 0824
    www.orielresources.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
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