Shares Outstanding: 61,904,269
TORONTO, Jan. 13, 2012 /CNW/ - Cenit Corporation (the "Company") announces that it has granted an aggregate of 3,100,000 options to
purchase common shares of the Company exercisable at a price of $0.10
per share for a period of five years, to directors, officers,
consultants and employees of the Company. Certain common shares
issuable upon exercise of the options are subject to a four month hold
period from the original date of grant. The options have been granted
in accordance with the terms of the Company's stock option plan and the
policies of the TSX Venture Exchange.
Cenit Corporation is a Canadian-based exploration company focused on
base metal exploration. The Company's primary objective is to explore
highly prospective base metal projects, particularly copper, in order
to meet the increasing global demand. The Company has two key
exploration projects; the Coppercorp Project and the Rivière Doré
Project in Quebec.
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.
This news release may contain forward-looking statements including but
not limited to comments regarding the timing and content of upcoming
work programs, geological interpretations, receipt of property titles,
potential mineral recovery processes, etc. Forward-looking statements
address future events and conditions and therefore, involve inherent
risks and uncertainties. Actual results may differ materially from
those currently anticipated in such statements.
SOURCE Cenit Corporation
For further information:
President & CEO
Tel: 416.479.0893 Ext 401
Web site: www.cenitcorp.com