Stratton Resources Inc. Grants Stock Options
08.03.2012 | Marketwire
VANCOUVER, March 8, 2012 - Stratton Resources Inc. (TSX VENTURE:SI) ("Stratton" or the "Company") reports that, subject to regulatory approval, it has granted 200,000 incentive stock options to employees of the Company, exercisable at a price of $0.42 per share for a period of five years from the date of grant. Any shares issued under the option grant will be subject to a four-month hold period from the date of granting, pursuant to the policies of the TSX Venture Exchange.In an unrelated matter, Stratton has retained Renmark Financial Communications Inc. ("Renmark") to assist with its investor relations activities. Renmark does not have any interest, directly or indirectly, in Stratton or its securities, or any right or intent to acquire such an interest. Stratton has agreed to a monthly retainer fee of $7,000 per month starting March 1, 2012 for these services.
About Stratton Resources
Stratton Resources Inc. is a Canadian mineral exploration company focused on the discovery and development of porphyry molybdenum-copper deposits in British Columbia and Arizona.
Stratton's goal is to build a quality asset portfolio consisting of base metal properties at various stages of development. With an experienced management team, that has a proven track record of successful discovery and development of mineral deposits, Stratton is positioned to rapidly build shareholder value.
For more information please visit our website at www.strattonresources.com
On Behalf of the Board of Directors,
Greg McCunn
President & CEO
Disclosure Notes
The above release contains forward-looking information, which in Stratton's view is based on reasonable assumptions and estimates. There can be no assurance that forward looking statements will prove to be accurate and are subject to may factors beyond the control of Stratton including third party consents, regulatory approvals the state of capital markets and the appetite for higher risk junior resource companies. For further details about Stratton and the risks it faces see its public filings at www.sedar.com.
The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact
Stratton Resources Inc.
Greg McCunn, President & CEO
778-729-0500 or Toll Free: 1-800-863-8655
604-683-8194 (FAX)
info@strattonresources.com
www.strattonresources.com