Nemaska Announces the Grant of 350,000 Stock Options
QUEBEC CITY, QUEBEC -- (Marketwire) -- 05/25/12 -- Nemaska Lithium Inc. ("Nemaska" or the "Corporation") (TSX VENTURE: NMX) (OTCQX: NMKEF) is pleased to announce the grant of 350,000 stock options to directors at an exercise price of $0,40 per share for a period of 5 years, which are immediately vested. This grant of options is made according to the established annual remuneration of the directors. The Corporation has granted 50,000 stock options to each of the following persons: Mr. Michel Baril (Chairman of the board and director), Mr. Guy Bourassa (president and CEO, corporate secretary and director), Mrs. Judy Baker (director), Mr. Yves Caron (director), Mr. Rene Lessard (director), Mrs. Vivian Wu (director) and Mr. Gordon Gao (director). These options were granted in accordance with the terms of the actual stock option plan of the Corporation.
About Nemaska
Nemaska is an exploration and development corporation involved in the James Bay region of Quebec. Nemaska intends to concentrate on the development of its Whabouchi lithium deposit and to conduct exploration work on its 100% owned Sirmac lithium project. Whabouchi deposit is easily accessible year round by either the Route du Nord from Chibougamau (280 km) or the Route de la Baie James from Matagami (380 km) and is located near the Cree community of Nemaska and the Nemiscau airport. Nemaska also owns about 47% of Monarques Resources Inc. (TSX VENTURE: MQR).
Forward-looking statements contained in this press release involve known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements of Nemaska to be materially different from any future results, performance or achievements expressed or implied by the said forward-looking statements.
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.
Contacts:
Guy Bourassa
President
418 704-6038
info@nemaskalithium.com
Wanda Cutler
Investor Relations
416 303-6460
wanda.cutler@nemaskalithium.com
www.nemaskalithium.com
Bosko Djorovic
Investor Relations
514 825-3036
bosko@baycapitalmarkets.com