EXN pleased to announce -EXCELLON GRANTS INCENTIVE STOCK OPTIONS
Toronto, Ontario – January 4, 2008 – Excellon Resources Inc. (EXN.V) is pleased to announce that, effective January 4, 2008, it has granted incentive stock options to certain directors, officers, employees and consultants allowing them to purchase up to an aggregate of 2,655,000 common shares. The options are exercisable at a price of $1.58 for a period of five years ending January 4, 2013. The options are subject to vesting provisions, whereby 25% vest immediately, a further 25% vest after 6 months, a further 25% vest after 12 months and the balance after 18 months.
This wont help the share price, will it?