TORONTO, Oct. 17, 2011 /CNW/ - EPM Mining Ventures Inc. (TSX-V: EPK)
("EPM" or the "Company") today announced that on October 13, 2011 it
granted an aggregate of 299,830 options to non-management directors of
the Company. Options to purchase 218,520 common shares at a price of
$1.20 per share, which reflects the closing price of EPM on October 12,
2011 were issued to directors who were re-elected at the Company's
annual meeting. Options to purchase 81,310 common shares at a price of
$1.29 per share, which reflects the closing price of EPM on October 13,
2011, were issued to directors that were elected for the first time at
the Company's annual meeting. All of the stock options shall vest on
the anniversary of the date of grant, provided that the directors
attend 75% of the scheduled board meetings in the subsequent 12 month
period. All vested options are exercisable over a period of three years
from the date of grant. The options are granted pursuant to the
Company's stock option plan.
About EPM Mining Ventures
EPM, through its wholly owned subsidiary Peak Minerals Inc., controls
mineral leases on more than 100,000 acres on the Sevier Dry Lake
property in Millard County, Utah. EPM is targeting the future
development and production of Sulfate of Potash (SOP), a premium priced
fertilizer used with special crops and soil types, through a
cost-effective solar evaporation methodology. The Company is currently
engaged in engineering and chemical analysis designed to support the
completion of a definitive feasibility study. For more information on
the Company, please visit our web site at www.epmmining.com.
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 EPM Mining Ventures Inc.
For further information:
Chief Executive Officer