Explor Resources Grants Stock Options
2008-04-07 11:42:00
Explor Resources Grants Stock Options
ROUYN-NORANDA, QUEBEC–( EMWNews – April 7, 2008) – Explor Resources Inc. (TSX VENTURE:EXS) is pleased to announce that the total number of stock options that could be granted in accordance with the Company’s Current Stock Option Plan has been reduced from a maximum of 6,759,986 to a maximum of 3,379,993.
The board is also pleased to announce the granting of 1,800,000 Options to directors and consultants of Explor Resources to acquire shares of the Company at $0.30. The Options are valid for a period of 5 years and expire April 07, 2013.
The transaction is subject to acceptance by the TSX Venture Exchange.
About Explor Resources Inc.
Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Quebec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Quebec with approximately 33% in Ontario and 67% in Quebec. The Belt has produced in excess of 180,000,000 ounces of gold, 450,000,000 tonnes of base metal ore over the last 100 years. The Company is headquartered in Quebec and was incorporated in Alberta in 1986.
This press release was prepared by Explor Resources Inc. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Explor Resources Inc. is a public listed company trading on the TSX Venture (EXS).
For more information, please contact Explor Resources Inc. |
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