Waymar Resources Ltd.: Grants Stock Options
29.09.2011 | Marketwire
VANCOUVER, Sept. 29, 2011 - Waymar Resources Ltd. ("Waymar" or the "Company") (TSX VENTURE: WYM) announces that the Company has granted a total of 680,000 incentive stock options pursuant to its previously approved stock option plan to directors, officers, and employees of the Company. These options are exercisable over 5 years at an exercise price of $0.35 per share.Waymar Resources Ltd. is a Canadian mineral exploration company with an option to acquire 100% interest in the Anzá project located in the west of the Antioquia Department in the Republic of Colombia. Upon exercise of the option, the optionors will retain a 2% net smelter return royalty on that portion of the Anzá property governed by the Option Agreement, one-half of which may be purchased by Waymar for a cash payment of US$1,000,000. Colombia is a significant producer of gold, nickel, emeralds, petroleum and natural gas as well as a leading producer of coal in Latin America. Waymar also has 100% ownership of certain properties surrounding Anzá to cover district potential and is continually seeking opportunities to acquire exploration properties. Waymar trades on the TSX Venture Exchange under the symbol "WYM".
WAYMAR RESOURCES LTD.
Pablo Marcet
President & CEO
This news release may contain forward-looking statements based on assumptions and judgments of management of Waymar regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, certain of which are beyond the control of Waymar, including, but not limited the impact of general economic conditions, industry conditions, risks associated with the uncertainty of exploration results and estimates, currency fluctuations and exploration risk. Waymar disclaims any intention or obligation to revise or update such statements except as may be required by law.
Shares Outstanding: 45,945,170
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.
Contact Information
Waymar Resources Ltd.
Investor Relations
1-778-373-0100
1-604-639-4670 (FAX)
info@waymarresources.com
www.waymarresources.com