Admiral Bay Announces Granting of Options to Board Members
March 14 2011 - 9:17AM
Marketwired
Admiral Bay Resources Inc. (TSX VENTURE: ADB) ("Admiral Bay" or the
"Company") is pleased to announce that it has granted to each of
the three board members, Steven Quoy, Steven Tedesco and Peter
Tunkey, a stock option to purchase 150,000 common shares, for a
total of 450,000 shares, at a price of $ 0.25 (CDN) per share with
a term for a period of four years from March 11th, 2011.
Admiral Bay Resources Inc. (www.admiralbay.com) is an
unconventional gas production company focused on the development of
projects in the Cherokee Basin in southeast Kansas and the
Appalachian Basin in Pennsylvania. Admiral Bay is listed on the TSX
Venture Exchange under the symbol ADB.
Statements in this release that are not historical facts are
"forward-looking statements" within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. Readers are cautioned
that any such statements are not guarantees of future performance
and that actual developments or results may vary materially from
those in these "forward-looking statements".
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Admiral Bay Resources Inc. Steven Tedesco President
& C.E.O. (303) 350-1255 (303) 617-8956 (FAX)
kquoy-hain@runningfoxes.com www.admiralbay.com
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