TORONTO, Jan. 13, 2012 /CNW/ - Cenit Corporation (the "Company") announces that it has granted an aggregate of 3,100,000 options to purchase common shares of the Company exercisable at a price of $0.10 per share for a period of five years, to directors, officers, consultants and employees of the Company. Certain common shares issuable upon exercise of the options are subject to a four month hold period from the original date of grant. The options have been granted in accordance with the terms of the Company's stock option plan and the policies of the TSX Venture Exchange.
Cenit Corporation is a Canadian-based exploration company focused on base metal exploration. The Company's primary objective is to explore highly prospective base metal projects, particularly copper, in order to meet the increasing global demand. The Company has two key exploration projects; the Coppercorp Project and the Rivière Doré Project in Quebec.
Neither the 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.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
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