MONTREAL, Jan. 25 /CNW Telbec/ - Blue Note Mining Inc. (BNT:TSXV) reports that it has issued a total of 3,500,000 incentive stock options on January 25, 2010, subject to regulatory consent.
Officers and directors of Blue Note were granted 2,900,000 incentive stock options. The balance of the stock options were issued to employees and consultants of the company. These incentive stock options are exercisable at $0.185 with an expiry date of January 25, 2015. There is an eighteen month vesting period, which includes a four month hold period expiring on May 26, 2010.
About Blue Note Mining
Blue Note Mining is a mineral exploration and mining company headquartered in Montreal with properties located in known gold regions of Mexico and Canada, including the prolific Sierra Madre Gold Belt, the Val-d'Or region of Quebec and northern New Brunswick. The company's shares trade on the TSX Venture Exchange under the symbol BNT.
This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the effects of general economic conditions, actions by government authorities, uncertainties associated with contract negotiations, additional financing requirements, market acceptance of the Company's products and competitive pressures. These factors and others are more fully discussed in Company filings with Canadian securities regulatory authorities.
"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 Blue Note Mining Inc.
For further information: For further information: Glenn Massad, vice president, investor relations, Blue Note Mining Inc., (800) 937-3095 x230, email@example.com; www.bluenotemining.ca