Metallum Resources Inc. Announces Grant of Options
21.11.2014 | Marketwire
TORONTO, Nov 21, 2014 - Metallum Resources Inc. (TSX VENTURE:MRV) (the "Company") announces that today its Board of Directors granted 200,000 options under the Company's Stock Option Plan to each of two of its directors. The 400,000 options in aggregate have been granted for a period of 5 years and have an exercise price of $0.10. All options granted are subject to the terms and provisions of the Stock Option Plan.About Metallum Resources Inc.
Metallum has 70,945,009 common shares outstanding and approximately $5.3 Million in cash, a loan receivable, including accrued interest, of approximately $1.8 Million, and no debt. Since Metallum's decision to withdraw from its Option and Joint Venture Agreement relating to the M-18 gold property in Argentina, the board of directors of Metallum has been conducting a strategic review of the direction of the company and is actively evaluating new opportunities.
The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this news release.
Neither the TSX Venture Exchange Inc. 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.
Further details may be obtained from our website: www.metallumresourcesinc.com.
Contact
Metallum Resources Inc.
Robert Suttie, Interim CEO
(416) 848-6865
rsuttie@marrellisupport.ca