TORONTO, June 21 /CNW/ - Win-Eldrich Mines Limited (TSXV - WEX) announces
that its shareholders today approved an amendment to the Company's Stock
Option Plan to provide that the Company may grant under the Plan options to
purchase up to that number of shares as is equal to 10% of the Company's
outstanding common shares from time to time.
The Company has granted an option to purchase 25,000 common shares to
each of its four directors. Each of the options is exercisable at a price of
$2.70 per share for five years. In addition, pursuant to an agreement entered
into by the Company in March 2007 with Investor Voices LLC for investor
relations services, the Company has granted a stock option to purchase
50,000 common shares. The stock option is exercisable at a price of $2.70 per
share until June 21, 2009, vests in equal quarterly installments and is
otherwise subject to the terms of the Plan. The closing price of the Company's
common shares on the TSX Venture Exchange on June 20, 2007 was $2.70.
The Company currently has 13,065,262 common shares outstanding and
including the stock option grants described above, it has options outstanding
to purchase a total of 875,000 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