NMM Stock Options @ $3.65Newmex Minerals Inc. granting of stock options
20:27 EDT Wednesday, October 19, 2005
CALGARY, Oct. 19 /CNW/ - Newmex Minerals Inc. (the "Company' or "Newmex") (TSX Venture: NMM) announces that pursuant to the Company's Stock Option Plan, 197,500 incentive stock options exercisable at $3.65 per share and to expire September 30, 2010, have been granted to certain directors, officers and consultants of the Company.
Forward-looking statements. This document contains statements about expected or anticipated future events and financial results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the corporation's capability to execute and implement its future plans. Actual results may differ materially from those projected by management. For such statements, we claim the safe harbour for forward looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.
For further information: PLEASE CONTACT: Bill Berezan, Chief Financial Officer, Telephone: (403) 266-6364, Fax: (403) 266-6365, e-mail: info@proprietaryinc.com
PS: thoughts by otrab.
This news release certainly places a vote of confidence by management in a floor price for this stock. Wow.