Macusani Yellowcake Announces Filing of Initial Kihitian Resource Report/Grant of Stock Options
TORONTO, ONTARIO -- (Marketwire) -- 08/03/12 -- Macusani Yellowcake Inc. (the "Company") (TSX VENTURE: YEL)(FRANKFURT: QG1) announced that it has filed on SEDAR a National Instrument 43-101 technical report containing the initial uranium resource estimate for the Chilcuno Chico drill area of the Company's Kihitian Property, details of which were provided in the Company's press release dated June 21, 2012.
The Company also announced that, subject to regulatory approval, it has granted stock options to acquire 1,500,000 common shares under its stock option plan to Dr. Laurence Stefan in connection with his appointment as President and Chief Executive Officer of the Company. Each option is exercisable for a five year period to acquire one common share at a price of $0.14 per share. The options granted vest as to one-third on each of the 6, 12 and 18 month anniversaries of the date of grant.
About Macusani Yellowcake
Macusani Yellowcake Inc. is a Canadian uranium exploration and development company focussed on the exploration of its properties on the Macusani Plateau in south-eastern Peru. The Company has concessions which cover over 90,000 hectares (900 km2) and are situated near significant infrastructure. Macusani Yellowcake is listed on the TSX Venture Exchange under the symbol 'YEL' and the Frankfurt Exchange under the symbol 'QG1'. The Company has 167,047,475 shares outstanding. For more information please visit www.macyel.com.
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:
Macusani Yellowcake Inc.
Laurence Stefan
President and CEO
+1-416-628-9600
laurence@macyel.com
Macusani Yellowcake Inc.
Website: www.macyel.com
Facebook: www.macyel.com/facebook/
Twitter: www.twitter.com/macusani/