Trading Symbol:TSXV: BMC
Shares Outstanding: 166,283,160
WINDSOR, NS, Jan. 7, 2013 /CNW/ - Buchans Minerals Corporation (TSXV: BMC) ("Buchans Minerals" or the "Company") announces the grant of 635,500 options to an aggregate of 4 directors, officers and employees of the Company. Each option is exercisable for one common share of Buchans Minerals until January 7th, 2018 at an exercise price of $0.10. All of the options vest immediately.
About Buchans Minerals:
Buchans Minerals is an Atlantic Canada based resource company that has three main assets that include its 100% owned base metal properties near Buchans in central Newfoundland (joint ventured to Minco plc.), its 100% owned manganese property located near Woodstock in New Brunswick (also joint ventured to Minco plc.) and its 50% owned gold and copper Long Range Property in central Newfoundland.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) 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 release.
SOURCE: BUCHANS MINERALS CORP.
For further information:
Buchans Minerals Corporation.
Warren MacLeod, President & CEO
Ph: (902) 472-3520
Windsor, Nova Scotia