Mediterranean Resources Ltd. - GRANT OF STOCK OPTIONS
VANCOUVER, June 29, 2011 /CNW/ --
VANCOUVER, June 29, 2011 /CNW/ - Mediterranean Resources Ltd. (TSX:
MNR), (Frankfurt: MHM1) (the 'Company') advises that it has granted the
following: (i) an aggregate of 1,900,000 incentive stock options to its
directors, officers and employees exercisable at $0.15 per share for a
period of five years, vesting immediately; and (ii) 200,000 stock
options to certain consultants exercisable at $0.15 per share for a
period of three years, vesting immediately. This will bring the total
number of options outstanding to 5,360,000 (representing under 10% of
the Company's issued and outstanding common shares pursuant to the
Company's stock option plan).
Mediterranean Resources is focused on an emerging mineral region in
north-eastern Turkey where it is developing two advanced exploration
stage gold properties.
The TSX does not accept responsibility for the adequacy or accuracy of
this release.
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Christopher E. Ecclestone
Interim CEO
604-669-3397
www.medresources.ca