Trading Symbol: TSX-V OAK
TORONTO, Dec. 2 /CNW/ - Sheltered Oak Resources Corp. announces that on November 26, 2009 it granted stock options to directors and officers of OAK to purchase in the aggregate up to 2,000,000 common shares ("Common Shares") in the capital of OAK at an exercise price of $0.10 per Common Share. The stock options will expire on November 26, 2014. The options were granted pursuant to OAK's incentive stock option plan, under which a maximum of 10% of the issued and outstanding Common Shares are reserved for issuance. The current number of issued and outstanding Common Shares is 47,161,902.
About OAK :
OAK is the parent company of Sheltered Oak Resources Inc., an Ontario corporation with its head office located in Oakville, Ontario. OAK is a junior mineral exploration corporation which has an option to acquire a 55% interest in and to the Kerrs Gold Property which consists of 43 unpatented mining claims and 12 mining leasehold patents located in the Matheson area of Ontario.
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.
SOURCE SHELTERED OAK RESOURCES CORP. (FORMERLY LUCRUM CAPITAL CORP.)
For further information: For further information: Robert Hanson, Chief Executive Officer, Sheltered Oak Resources Corp., Tel: (905) 827-5414, Fax: (905) 847-9575, Email: firstname.lastname@example.org; Art Hampson, Chief Financial Officer, Sheltered Oak Resources Corp., Email: email@example.com