Red Tiger Announces Appointment of Director and Granting of Stock Options
TORONTO, Oct. 10, 2013 /CNW/ - Red Tiger Mining Inc., (TSXV: RMN), (the "Company" or "Red Tiger") is pleased to announce the appointment of Mr. David Lurie as a new member of the Board of Directors of the Company. Mr. Lurie has been the Company's Chief Financial Officer and Corporate Secretary since October 1, 2012.
The Company also announces that today it has granted options to certain directors, officers and employees to purchase 1,350,000 common shares of the Company, each at a strike price of $0.20 and having a term of five years. One-third of the options vested upon grant, an additional third will vest on the first anniversary of the date of grant, and the remaining third will vest on the second anniversary of the date of grant.
Red Tiger's stock option plan permits 9% of the Company's issued and outstanding shares to be reserved for issuance. As of today, an aggregate of 2,087,500 shares are reserved for issuance pursuant to options granted and outstanding under the stock option plan.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Red Tiger Mining Inc.For further information:
Dr. Thomas Utter
President and CEO
Tel.: +1 52 662 311 8839
CFO and Secretary
Tel.: 416-637-1517 x 107