VANCOUVER, June 29, 2011 /CNW/ - Mediterranean Resources Ltd. (TSX:
MNR), (Frankfurt: MHM1) (the "Company") advises that it has granted the
following: (i) an aggregate of 1,900,000 incentive stock options to its
directors, officers and employees exercisable at $0.15 per share for a
period of five years, vesting immediately; and (ii) 200,000 stock
options to certain consultants exercisable at $0.15 per share for a
period of three years, vesting immediately. This will bring the total
number of options outstanding to 5,360,000 (representing under 10% of
the Company's issued and outstanding common shares pursuant to the
Company's stock option plan).
Mediterranean Resources is focused on an emerging mineral region in
north-eastern Turkey where it is developing two advanced exploration
stage gold properties.
The TSX does not accept responsibility for the adequacy or accuracy of
SOURCE Mediterranean Resources Ltd.
For further information:
Christopher E. Ecclestone