VANCOUVER, March 17 /CNW Telbec/ - Atomic Minerals Ltd. (ATL: TSX-V)
announces that the Company has granted incentive stock options to its most
recently-appointed director to purchase up to 125,000 common shares in the
capital stock of the Company pursuant to a shareholders approved Stock Option
Plan. The options are exercisable on or before March 11, 2013 at an exercise
price of $0.20 per share.
About Atomic Minerals
Atomic has a letter of intent with Geo Can Resources Company Ltd. ("Geo
Can") to enter into an option agreement to earn the right to acquire up to a
100% interest in a land package totalling approximately 3800 square kilometres
located in the United Republic of Tanzania (the "Property"). The Property is
located in south-western Tanzania and is considered to be part of the "Malawi
Extension" based on the location of the Property relative to blocks earmarked
as potentially favourable for uranium enrichment. The Malawi Extension,
located in the Republic of Malawi on south-west border of Tanzania, hosts the
Kayelekera deposit which Paladin Resources is currently developing into a
mine. Other mining companies exploring in the area include Mantra Resources
and Western Metals (both in Tanzania).
Atomic Minerals Ltd. also holds leases over a total of 932 mining claims
located in both Dolores and San Miguel counties in south-western Colorado,
approximately 30 miles from Denison Mine Corp's White Mesa Mill. The Company
also holds a letter of intent to option a 90% interest in a further
1585 mining claims in Dolores County. Atomic holds leases over an additional
272 mining claims located in the northern part of Colorado in Grand County.
President and Chief Executive Officer
Atomic Minerals Ltd.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this news release.
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