Trading Symbol: (TSXV): URC
VANCOUVER, Jan. 27 /CNW/ - Uracan Resources Ltd. (the "Company") reports
that pursuant to the Company's Stock Option Plan, a total of 2,525,000
incentive stock options have been granted to directors, officers, employees
and consultants of the Company. The options are exercisable at a price of
$0.30 per share for a period of ten years.
150,000 of these options have been granted to Vanguard Shareholder
Solutions Inc. ("Vanguard"), an independent company, who have been providing
public relations services to the Company since April 2006. The Options granted
to Vanguard will be subject to a 12 month vesting schedule in accordance with
TSX Venture requirements and will have a 2 year term.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Gregg J. Sedun, President and CEO, (604)
682-5580; Keith Schaefer, Vanguard Shareholder Solutions Inc., (604) 608-0824,