VANCOUVER, March 11 /CNW/ - Logan Resources Ltd. (TSXV:LGR) today
announced that it has granted 1,000,000 stock options to certain directors,
employees, and consultants of the Company under its incentive stock option
plan. The options are exercisable at $0.25 per share for a period of two
years, and are subject to a four-month hold period. Of the 1,000,000 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.
Logan Resources Ltd. is a mineral exploration company that specializes in
acquiring, exploring and advancing Canadian mineral properties. For more
information on the projects and the Company, please visit
www.loganresources.ca, 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
x 223; Judith Mazvihwa, Chief Financial Officer, (604) 689-0299 x 224