TORONTO, April 13 /CNW/ - Manicouagan Minerals Inc. (TSXV - MAM)
announced today that its Board has approved the issuance of 2,055,000 options
under the Company's Stock Option Plan. These options are being granted to
directors, officers, consultants and an employee of the Company, and are
exercisable into common shares of the Company at a price of $0.18 per share.
Subject to the rules of the TSXV and the Company's stock option plan the
options have a term of five years and will expire on April 12, 2012.
Manicouagan Minerals Inc. is a Canadian based exploration company with a
diversified portfolio of properties. The Company currently holds four base
metal projects located in Saskatchewan and Quebec, on which exploration
programs are ongoing.
Additional information about Manicouagan Minerals and its exploration
projects can be found at www.manicouaganminerals.com.
The TSXV has not reviewed this news release and does not accept
responsibility for the adequacy or accuracy of this news release. The
TSXV has neither approved nor disapproved the contents of this news
All statements other than statements of historical fact, included in this
release, including, without limitation, statements regarding potential
mineralization and reserves, exploration results, and future plans and
objectives of the Company, are forward-looking statements that involve various
risks and uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. Important factors that
could cause actual results to differ materially from the Company's
expectations are exploration risks detailed herein and from time to time in
the filings made by the Company with securities regulators.
For further information:
For further information: Joseph Baylis, President and Chief Executive
Officer, (416) 542-3980, firstname.lastname@example.org