TORONTO, Feb. 23, 2012 /CNW/ - Mag Copper Limited (the" Company") (CNSX: QUE) announces that it has granted an aggregate of 2,600,000 options to purchase common shares of the Company exercisable at a price of $0.20 per share for a period of five years to directors, officers, consultants and employees of the Company. The options have been granted in accordance with the terms of the Company's stock option plan and the policies of the Canadian National Stock Exchange.
Mag Copper is a junior mining exploration and development company engaged in the acquisition, exploration and development of mineral prospects in Canada. Mag Copper's activities are currently focused in the Abitibi Greenstone Belt Region near Rouyn-Noranda, Quebec and the Cu-Au bearing units of the Hough Lake group sediments 60km west of the Sudbury Basin.
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.
For further information:
Mani Verma, CEO
(416) 479 9795
Web Site: www.magcopper.com