VANCOUVER, March 13 /CNW/ - International KRL Resources Corp. (TSXV:IRK)
today announced that it has granted 1,400,000 stock options to certain
directors, employees, and consultants of the Company under its incentive stock
option plan. The options are exercisable at $0.15 per share for a period of
two years, and are subject to a four-month hold period. Of the 1,400,000 stock
options, 200,000 are subject to a vesting schedule. Twenty-five percent of
those 200,000 stock options shall vest on dates that are three, six, nine and
twelve months following the date of grant.
International KRL Resources Corp. is a mineral exploration company
engaged in the acquisition, exploration and advancement of Canadian mineral
properties. It has a diversified property portfolio prospective for uranium,
copper and gold as well as lead-zinc-silver. For more information on the
property portfolio and International KRL Resources Corp. please visit
www.krl.net, www.sedar.com and www.sec.gov websites.
Statements contained in this news release that are not historical facts
are forward-looking statements, which are subject to a number of known and
unknown risks, uncertainness and other factors that may cause the actual
results to differ materially from those anticipated in our forward looking
statements. Although we believe that the expectations in our forward looking
statements are reasonable, actual results may vary, and we cannot guarantee
future results, levels of activity, performance or achievements.
The TSX Venture Exchange has neither approved nor disapproved the
information contained herein.
For further information:
For further information: Seamus Young, President and CEO, (604) 689-0299
x223; Judith Mazvihwa, Chief Financial Officer, (604) 689-0299 x224