Option Scheme Adopted
June 05 2003 - 9:30AM
UK Regulatory
RNS Number:9701L
Mano River Resources Inc
05 June 2003
MANO RIVER RESOURCES INC.
NEWS RELEASE
05 June 2003
No: 2003/7
TSX-Venture Exchange (Trading Symbol: MNO)
London Stock Exchange - AIM (Trading Symbol: MANA)
Adoption of Share Option Scheme
The Company announces that the board of directors has adopted a stock option
plan (the "Plan") pursuant to the policies of the TSX Venture Exchange. The Plan
is subject to TSX Venture Exchange approval and shareholder approval.
The Plan allows for the reservation of up to 10% of the Company's issued and
outstanding shares as at the date of a particular stock option grant. The
Company currently has 133,890,216 shares issued and outstanding and 9,475,000
options outstanding (representing 7.1% of the Company's issued and outstanding
shares).
Based on the reservation of up to 10% of the Company's issued and outstanding
shares, being 13,389,021, the Plan allows for the future granting of a further
3,914,021 options.
Options under the Plan may be granted to the Company's directors, officers,
employees, management company employees and consultants. Upon receipt of all
necessary approvals, the Plan will govern any outstanding stock options
previously granted and any new stock options issued.
On behalf of the Board of Mano River Resources Inc.
Tom Elder
President and CEO
For further information on Mano River Resources and its exploration programme,
you are invited to visit the Company's website at www.manoriver.com or contact
one of the following:
Tom Elder President and CEO UK +44 (0) 1235 810 740
Guy Pas Co-Chairman Switzerland +41 22 758 2151
Anthony Rhatigan Co-Chairman Mobile +44 (0) 7785 297 348
Raz Hussein Controller Canada +1 (604) 689 1700
Gary Middleton Britton PR UK +44 (0) 20 7251 2545
The TSX Venture Exchange has not reviewed and does not take responsibility for
the adequacy or accuracy of this release
This information is provided by RNS
The company news service from the London Stock Exchange
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