Virgin Metals Inc.: Employee Stock Options Issued
TORONTO, ONTARIO -- (Marketwire) -- 03/10/11 -- The Board of Directors of Virgin Metals Inc. (the 'Company' or 'Virgin') (TSX VENTURE: VGM) has approved the issuance of a total of 455,000 options to certain of its management and staff pursuant to its stock option plan. The options are exercisable at a price of $0.39, are subject to agreed vesting schedules and expire in three years.
About the Company
Virgin is a junior exploration and development company; its projects include two copper-molybdenum porphyry properties in Sonora, northern Mexico. One of these, Los Verdes, is currently the subject of a pre-feasibility study while the other, Cuatro Hermanos, is the focus of ongoing exploration efforts.
Contacts:
Virgin Metals Inc.
Chris Frostad
President and Chief Executive Officer
(416) 306-0990
www.virginmetals.com