PNO Resources Ltd. Announces Stock Option Grant and Re-Pricing
04.03.2014 | CNW
VANCOUVER, March 4, 2014 /CNW/ - PNO Resources Ltd. (the "Company") (TSXV: PNO.H) announces that pursuant to the Company's Stock Option Plan, a total of 225,000 incentive stock options have been granted to directors, officers, and consultants of the Company. The options are exercisable at a price of $0.18 per share for a period of 10 years, subject to regulatory approval.The Company further announces that upon receiving disinterested shareholder approval, a total of 500,000 (post-consolidated) previously granted stock options have been re-priced to $0.18 per share, subject to regulatory approval. Except for the amendment of the exercise price, all original terms of the stock options will remain in effect.
ON BEHALF OF THE BOARD OF DIRECTORS
Per: "Christy Louth"
Christy Louth, President and Director
NEITHER THE 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 NEWS RELEASE
For further information:
PNO Resources Ltd.
Christy Louth, President and Director
Tel: (604) 609-6110