TORONTO, Jan. 13 /CNW/ - Zaruma Resources Inc., (TSXV-ZMR.H), (the "Company") today reported that in accordance with the Company's Stock Option Plan, 535,000 employee stock options were cancelled effective December 31, 2009. These outstanding options terminated 90 days after the termination of these staff members employed in Mexico.
The number of stock options outstanding at December 31, 2009 was thereby reduced to 7,915,000. The number of Common shares currently outstanding is 117,608,747.
Zaruma Resources Inc. is a pre-production stage company listed on the TSX-V NEX Board (symbol ZMR.H) and the Frankfurt Stock Exchange (symbol: ZMR).
Neither TSXVenture 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 ZARUMA RESOURCES INC.
For further information: For further information: Zaruma Resources Inc., 20 Toronto Street, 12th Floor, Toronto, ON, M5C 2B8, Canada, Fax: (416) 367-3638, email@example.com, www.zaruma.com; Dr. Thomas Utter, President and CEO, Tel: +1 521 662 210 5650, firstname.lastname@example.org; Frank van de Water, CFO and Secretary, Tel.: (416) 869-0772, email@example.com