Meryllion Resources Corporation: Cancellation of Options
15.12.2014 | Marketwire
VANCOUVER, December 15, 2014 - Meryllion Resources Corp. ("Meryllion" or the "Company") (TSX VENTURE: MYR) announces the following two changes to its number of stock options outstanding.The Company has terminated, without cause, its contract with Apex Capital Inc. ("Apex") to provide investor relations and corporate communication services to the Company effective November 30, 2014. Following the termination of Apex, the Company has cancelled 66,666 unvested stock options that were exercisable at $0.12. As per the Company's stock option plan any vested stock options held at the time of termination without cause remain exercisable for a period of 90 days following the termination. Therefore, pending the exercise of such options, a further 33,334 options exercisable at $0.12 will be cancelled on March 1, 2015.
Following the resignation of Terry Krepiakevich as CEO effective December 14, 2013, the Company has cancelled 141,666 unvested stock options that were exercisable at $0.30. As per the Company's stock option plan any vested stock options held at the time of resignation remain exercisable for a period of 90 days following the resignation. Therefore, pending the exercise of such options, a further 283,334 options exercisable at $0.30 will be cancelled on March 14, 2015.
ABOUT MERYLLION
Meryllion is a natural resource company engaged in the acquisition and exploration of resource properties in South America.
em>The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release. Neither the 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 press release.
For more information, please contact
Meryllion Resources Corp.
Alex Bayer, Chief Legal Officer and Corporate Secretary
604-221-7994
abayer@meryllionresources.com