Symbol: TSX-V: VVV
CALGARY, Sept. 28 /CNW/ - Vannessa Ventures Ltd. ("the Company")
announces that it has granted incentive options under its Stock Option Plan to
directors, officers, employees and consultants entitling them to purchase up
to 1,910,000 shares in its capital. Directors and officers received 1,350,000
of the incentive options and employees and consultants received 560,000. The
shares are exercisable on or before September 27, 2012 at a price of $0.40 per
share. All of the options vest upon grant except for 100,000 of the options
granted to each of the President and the Vice President of Operations. These
options vest in two tranches upon the achievement of milestones within certain
timeframes, the first tranche of 50,000 options to each officer upon
commencement of full scale mine construction and the second tranche of 50,000
options to each officer upon the Company obtaining full scale commercial gold
production from the Company's Crucitas gold property located in Costa Rica.
John Morgan, President
VANNESSA VENTURES LTD.
"The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release."
For further information:
For further information: Vannessa Ventures Ltd., 220, 1010 - 1St S.W.,
Calgary, Alberta, T2R 1K4, Telephone: (403) 444-5191