TORONTO, March 13 /CNW/ - Win-Eldrich Mines Limited (TSXV - WEX)
announces that it has entered into an agreement with Investor Voices LLC
("Ivoices") for it to provide certain investor relations services to
Win-Eldrich including assistance in the preparation and dissemination of
investor information. Pursuant to this agreement, Win-Eldrich has granted
stock options to purchase 25,000 common shares. The stock options are
exercisable at a price of $1.49 per share until March 31, 2009, vest in equal
quarterly installments and are otherwise subject to the terms of the Company's
stock option plan. The closing price of the Company's common shares on the TSX
Venture Exchange ("TSXV") on March 12, 2007 was $1.49.
Subject to the Company's shareholders approving an amendment to the
Company's stock option plan to increase the number of common shares of the
Company reserved for issuance thereunder, the Company intends to grant Ivoices
an additional option to purchase 50,000 common shares at an exercise price
equal to the closing market price of the Company's common shares on the TSXV
on the day prior to grant and otherwise in accordance with the rules of the
TSXV and the terms of the Company's stock option plan.
The Company currently has 12,442,012 common shares outstanding and
including the 25,000 stock options grant described above, it has options
outstanding to purchase a total of 765,000 shares.
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: Perry Muller, President and a Director of
Win-Eldrich, at (402) 753-9134