News 3/5/2012 12:07:00 PM - News Release
Ms. Margaret Kent reports
TAMERLANE GRANTS STOCK OPTIONS TO BOARD OF DIRECTORS
Subject to the approval of the TSX Venture Exchange, Tamerlane Ventures Inc. has approved the granting of 700,000 stock options to seven directors of Tamerlane on March 3, 2012. The stock options are exercisable into common shares of Tamerlane at an exercise price of 16 cents per share for a period of five years. Tamerlane's common shares closed at 16 cents on the TSX-V on March 2, 2012. Tamerlane has 90,355,856 common shares issued and outstanding. Under the terms of the company's rolling incentive stock option plan, a maximum of 9,035,586 shares are available to be issued pursuant to the exercise of options at this time. Including this grant of 700,000 options, a total of 6.29 million shares have been reserved for issuance pursuant to outstanding option grants. A further 2,745,586 shares are available for issuance pursuant to future option grants at this time.
We seek Safe Harbor.