Trading Symbol: TSXV: BMC
Shares Outstanding: 166,283,160
WINDSOR, NS, June 22, 2012 /CNW/ - Buchans Minerals Corporation (TSXV: BMC) ("Buchans Minerals" or the "Company") recently held its 2012 Annual and
Special Meeting (the "Meeting") on June 20th, 2012 in Halifax. Resolutions passed at the Meeting included the
re-appointment of chartered Accountants Wasserman Ramsay as auditor of
the Company, re-approval of the Company's incentive stock option plan
(the "Plan") and the re-election of current directors, namely Warren
MacLeod, Paul Moore, Ed Merringer, Steven Poad, Daniel Burneski, Andrew
Forrest and Donald MacLeod.
Following the Meeting, the Board of Directors approved the grant of an
aggregate of 1,369,500 stock options to directors, officers and
employees of the Company under the Plan, 796,500 of which were granted
to officers and directors and 573,000 were granted to employees. Each
option is exercisable for one common share of Buchans Minerals for a
period of five years from the date of grant at an exercise price of
$0.10. All other terms and conditions of the options are in accordance
with the Plan.
Neither the Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the Exchange) accepts responsibility for
the adequacy or accuracy of this release, and no securities regulatory
authority has either approved or disapproved of the contents of this
SOURCE BUCHANS MINERALS CORP.
For further information:
Buchans Minerals Corporation.
Warren MacLeod, President & CEO
Ph: (902) 472-3520
Windsor, Nova Scotia