Hunter Bay Minerals Plc Announces Grant of Stock Options
05.11.2010 | Marketwire
LONDON, UNITED KINGDOM -- (Marketwire - Nov. 5, 2010) - Hunter Bay Minerals Plc (TSX VENTURE: HBY) ("Hunter Bay Minerals") announces it has granted 975,000 stock options to officers, directors, employees and consultants of Hunter Bay Minerals. The options were granted for a period of 5 years, expiring on November 4, 2015, and each stock option will allow the holder to purchase on ordinary share of Hunter Bay Minerals at an exercise price of $0.175. The options vest and become exercisable as follows: one-quarter of the stock options on May 5, 2011, one-half of the stock options on November 5, 2011 and one-quarter of the stock options on May 5, 2012.General
Hunter Bay Minerals is engaged in the acquisition, exploration and development of mineral resource properties located in Canada and South America. Hunter Bay Minerals currently owns a one-hundred percent (100%) interest in the Great Bear Lake Properties located in the eastern side of Great Bear Lake NWT and has an option to acquire a forty five percent (45%) interest in the net profits of the Fortuna Project located in the Nambija Gold District, Ecuador.
Forward Looking Information
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. Hunter Bay Minerals cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Hunter Bay Mineral's control. Such factors include, among other things: risks and uncertainties relating to exploration and development; the ability of Hunter Bay Minerals to obtain additional financing; Hunter Bay Minerals' limited operating history; the need to comply with environmental and governmental regulations; potential defects in title to Hunter Bay Minerals' properties, fluctuations in currency exchange rates; fluctuations in the prices of commodities; operating hazards and risks; competition and other risks and uncertainties, including those described in Hunter Bay Minerals' Prospectus dated August 5, 2010 filed with the Canadian Securities Administrators and available on www.sedar.com. Accordingly, actual and future events, conditions and results may differ materially form the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Hunter Bay Minerals undertakes no obligation to publicly update or revise forward-looking information.
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.
For more information, please contact
Hunter Bay Minerals Plc
Christopher Wilson
CEO and President
(+44) 203-178-2101
(+44) 207-724-2734 (FAX)