TORONTO, Oct. 2 /CNW/ - Mantis Mineral Corp ("Mantis" - CNQ "MINE")
Mantis announces that it intends to settle $25,000 of indebtedness owed to a
non arm's length creditor by the issuance of 222,223 common shares of Mantis.
Mantis is pleased to announce that it has granted options to acquire up
to an aggregate of 800,000 common shares of the Company to certain directors,
officers and consultants of the Company, pursuant to its stock option plan.
Each of the options is exercisable for a five-year term expiring on October 2,
2012 at an exercise price of $0.15 per common share.
The issuance of these options and the debt settlement is subject to
regulatory and CNQ approval.
Mantis Mineral Corp. is a Canadian exploration company with a portfolio
of quality gold and base metal properties located in mining friendly northern
Ontario.
The CNQ has not reviewed and does not accept responsibility for the
adequacy of this release.
%SEDAR: 00008151E
For further information: Mr. Robin Ross, Chairman & CEO, (416) 362-1800,
rross@mantismineralcorp.com; Or visit our corporate website at
www.mantismineralcorp.com
