Phoenix Copper is pleased to announce the receipt of $1.53 million from the exercise of 15.3 million 30 June 2012 10 cent options. As a result, the Company has issued 15.3 million fully paid ordinary shares in PNX, and a further 15.3 million free attaching options, each exercisable at $0.15 and expiring 30 June 2013, will be issued later this month.