SASKATOON, Saskatchewan,
Feb. 1
/CNW/ - (SEI - TSX Venture) Shane Resources Ltd. ("Shane Resources") announces that it has granted an aggregate of 1,300,000 stock options to purchase common shares (the "Options") to directors and officers of Shane Resources. The Options have an exercise price of
$0.11
per common share and are exercisable for a period of ten years expiring on
January 15, 2020
in accordance with Shane Resources' stock option plan as approved by shareholders at the annual general and special meeting held in
December 2, 2009
. All of the Options vest immediately.
For more information please visit our website at www.shaneresources.com.
ON BEHALF OF THE BOARD
"Kyle Kozuska"
Kyle Kozuska
President
Neither 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
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For further information: Shane Resources Ltd., Kyle Kozuska, (306) 664-3828, Facsimile: (306) 244-0042, www.shaneresources.com, [email protected]
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