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TruthMachine2on Jun 28, 2011 4:47pm
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BYV Grants Incentive Stock Options
BYV Grants Incentive Stock OptionsNEWS OUT TODAY...
| June 28, 2011 |
| Bayfield Grants Incentive Stock Options |
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 28, 2011) - Bayfield Ventures Corp. (TSX VENTURE:BYV) (FRANKFURT:B4N) (the "Company") announces that, pursuant to its stock option plan, the Company has granted incentive stock options to certain of its directors, officers, consultants and management company employees to purchase up to an aggregate of 1,455,588 common shares in the capital stock of the Company, exercisable for a period of five years, at a price of
.75 per share. The Company's 10% rolling stock option plan was approved by the shareholders at the Annual General Meeting of the Company held on March 29, 2011. Any shares to be issued upon exercise of the stock options will be subject to a hold period and shall not trade before October 28, 2011.
About Bayfield Ventures Corp.:
Bayfield Ventures Corp. is exploring for gold in the Rainy River District of NW Ontario adjacent to Rainy River Resources. The Company has approximately 61 million shares outstanding and over $9 million in its treasury.
On February 15th, Bayfield Ventures was recognized as a TSX Venture 50(R) company in 2011. TSX Venture 50 is a trade-mark of TSX Inc. and is used under license. The TSX Venture 50(R) are the top 10 companies listed on the TSX Venture Exchange, in each of five major industry sectors - mining, oil & gas, technology & life sciences, diversified industries and clean technology - based on a ranking formula with equal weighting given to return on investment, market cap growth, trading volume and analyst coverage. All data was as of December 31, 2010.
For further information on Bayfield Ventures Corp. (TSX VENTURE:BYV), visit the Company's web site at www.bayfieldventures.com.
ON BEHALF OF THE BOARD OF DIRECTORS
James G. Pettit, Chairman and CEO
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE. |