OTCPK:MSSNF - Post by User
Post by
jmlguyon Jun 29, 2011 6:40pm
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Post# 18781950
Hmmm. Your "take"?
Hmmm. Your "take"?Grant Of Stock Options
Vancouver, B.C., - June 29, 2011 Mediterranean Resources Ltd. (TSX: MNR; Frankfurt: MHM1) (the "Company") advises that it has granted the following: (i) an aggregate of 1,900,000 incentive stock options to its directors, officers and employees exercisable at
.15 per share for a period of five years, vesting immediately; and (ii) 200,000 stock options to certain consultants exercisable at
.15 per share for a period of three years, vesting immediately. This will bring the total number of options outstanding to 5,360,000 (representing under 10% of the Company's issued and outstanding common shares pursuant to the Company's stock option plan).