ORI Oriel Res.

    RNS Number : 5156Y
  Oriel Resources PLC
  07 July 2008
   



    AIM: ORI
    TSX: ORL
                    PRESS RELEASE
    7 July, 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 4 July 2008.

    Details of the warrants exercised are as follows:

 Number of warrants  Exercise Price
 10,000              75p

    Accordingly, application will be made for 10,000 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 11 July 2008. Following the exercise of
these warrants the total issued capital of the Company will be 641,685,324 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

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