Matamec Concludes AGM and Grants Stock Options
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwire) -- 08/19/11 -- Matamec Explorations Inc. ("Matamec" or the "Company") (TSX VENTURE: MAT) annual shareholders meeting was held on June 30th, 2011, in Montreal. The results are as follows:
Re-issuing stock options to a director
In the past, Mr. Andre Gauthier, director and officer, has had many opportunities to exercise and sell his stock options that have now expired as of January 31, 2011. Based on this fact, the Board has agreed to grant 181,800 stock options at $0.43 per share to Andre Gauthier, for a period of five years as of the last Company Board meeting. These options, as well as the terms and conditions of their exercise, are governed by the Company's Stock Option Plan.
Issuing Stock options to directors, employees and consultants
The Board of Directors has also approved granting of 600,000 stock options to be divided between six directors and officers at a price of $0.43 per share for a period of five years and 430,000 stock options to be divided between seven employees and consultants at a price of $0.43 per share for a period of five years. These options, as well as the terms and conditions of their exercise, are governed by the Company's Stock Option Plan.
Andre Gauthier, Matamec's president, says "Matamec's board of directors has decided to grant stock options once a year after the annual general meeting in recognition of work completed throughout the year and as an incentive to employees and consultants".
About Matamec
Matamec Explorations Inc is a junior mining exploration company whose main focus is in developing the Kipawa deposit and exploring more than 35km of strike length in the Kipawa Alkalic Complex for rare earths-yttrium-zirconium-niobium-tantalum mineralization on its Zeus property.
The company is also exploring for gold, base metals and platinum group metals. Its gold portfolio includes the Matheson JV property located along strike and in close proximity to the Hoyle Pond Mine in the prolific mining camp of Timmins, Ontario.
In Quebec, the Company is exploring for lithium and tantalum on its Tansim property and for precious and base metals on its Sakami, Valmont and Vulcain properties. As well, it is exploring for gold together with Northern Superior Resources Inc. on the Lesperance/Wachigabau property.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Contacts:
Andre Gauthier
President
(514) 844-5252
(514) 844-0550 (FAX)
Caroline Wilson (P.Geo.)
Director of Investor Relations
(647) 938-4080
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 19.08.2011 - 14:19 Uhr
Sprache: Deutsch
News-ID 57434
Anzahl Zeichen: 0
contact information:
Town:
MONTREAL, QUEBEC
Kategorie:
Mining & Metals
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