CALGARY, Jan. 25 /CNW/ - (TSX Venture: CBA), Champion Bear Resources Ltd.
("Champion Bear") announced today that it has granted options to acquire
118,000 common shares of Champion Bear to the Chairman and President of the
company at an exercise price of $0.41 per share until January 24, 2013. The
options vest as to one-third thereof on each of the dates that are six, 12 and
18 months from the date of the grant.
Champion Bear is a mineral exploration company focused exclusively on the
historically prospective regions of Ontario. The Company's primary target is
platinum group and precious metals and to a lesser extent polymetallic base
metal and pegmatite-hosted tantalum deposits. Champion Bear's aim is to create
shareholder value through selective property acquisition and joint venture
followed by focused exploration emphasizing drilling. The Company has
assembled a large land position in the Dryden and Sudbury areas, totaling over
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Richard D. Kantor, Chairman and President of
Champion Bear Resources Ltd. at Phone: (403) 229-9522 or Fax: (403) 229-9518;
Champion Bear's website is www.championbear.com