Miocene Metals Announces Stock Option Grants
April 01 2012 - 7:19PM
PR Newswire (Canada)
TORONTO, April 5, 2012 /CNW/ - Miocene Metals Limited (the
"Company" or "Miocene Metals") announces that during March 2012 the
Company effected its annual grant of stock options pursuant to its
Stock Option Plan. Particulars of those stock option grants
are as follows: Name Position Number of Stock Options Bruce Jago
Director and Officer 300,000 Alar Soever Director and Officer
375,000 Parviz Farsangi Director 250,000 Darryl Sittler Director
200,000 Tom Hussey Director 300,000 James J. Jackson Director
200,000 Mary Montgomery Officer 200,000 Joey Garcia Officer 200,000
Miranda Berukoff Officer 150,000 Others - 665,000 The stock options
are exercisable for common shares in the capital of the Company at
$0.125 per share and expire five years from the date of
grant. The stock options will vest over two years as follows:
half of each stock option grant will vest one year from the date of
grant and the remainder will vest two years from the date of
grant. The total number of shares reserved and available for
issuance pursuant to the Company's Stock Option Plan is 10% of the
issued common shares. Total issued and outstanding common
shares in the capital of the Company at the date hereof is
66,946,862. To date an aggregate of 5,590,000 stock options
have been granted pursuant to the Stock Option Plan. The closing
price of the Company's common shares on the TSX Venture Exchange
("TSXV") over the past 20 trading days has ranged from a high of
$0.125 to a low of $0.105. About Miocene Metals Limited Miocene
Metals is focused on the exploration and development of seven
porphyry copper-gold-molybdenum properties in south-western British
Columbia that occur within the Tertiary-aged Cascade Magmatic Arc.
The Cascade Arc shares many geological characteristics with
Tertiary-age porphyry belts that stretch the length of Chile and
Peru in South America and hosts some of the world's largest
porphyry copper-gold-molybdenum deposits. The Cascade Magmatic Arc
hosts a number of significant porphyry Cu-Au and Mo deposits in
Washington State, and Alaska (Glacier Peak and Margaret, and Quartz
Hill respectively) but remains largely unexplored in British
Columbia. Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this release.
Miocene Metals Limited CONTACT: Please visit the Miocene
Metal's website atwww.miocenemetals.com, orcontact:Bruce C. Jago,
Ph.D., P.GeoPresident and CEO of Miocene Metals(604) 654-2581
orbjago@miocenemetals.com Miranda BerukoffVice-President Investor
Relations(604) 654-2585 ormberukoff@miocenemetals.com
Copyright
(TSXV:MII)
Historical Stock Chart
From May 2024 to Jun 2024
(TSXV:MII)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about (TSX Venture Exchange): 0 recent articles
More Miocene Metals Limited News Articles