Medallion Resources Announces Exercise and Grant of Stock Options
13 Gennaio 2014 - 2:00PM
Marketwired
Medallion Resources Announces Exercise and Grant of Stock Options
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 13, 2014) -
Medallion Resources Ltd (TSX-VENTURE:MDL) (OTCQX:MLLOF)
(FRANKFURT:MRD) ("Medallion" or the "Company") today announced that
it has, pursuant to its stock option plan, approved a grant of
stock options covering 420,000 shares at an exercise price of $.20
per share for a period of five years to directors of the Company.
These options effectively replace the 420,000 directors' options
which were due to expire in January 2014. The expiring options have
been exercised in full for total proceeds to the Company of
$63,000.
Medallion has also approved a grant of 100,000 incentive options
to the principals of Hamza Thindal Capital Corp., the Company's
investor relations firm, to purchase shares of the Company at a
price of $0.20 per share, for a period of five years. These options
are subject to vesting on the basis of 25% after the first three
months and 25% every quarter thereafter until fully vested. All
stock option grants are subject to the approval of the TSX Venture
Exchange (the "Exchange").
The Company also reports that further to its news release of
December 9, 2013 it has now completed the shares for debt
settlement and issued 236,250 shares to Euro Pacific Canada Inc.
such that the debt related to the previous corporate-finance
services agreement is extinguished. The shares have a hold period
until April 23, 2014.
About Medallion Resources
Led by Dr Bill Bird and supported by an experienced technical
team, the Company focuses on low-cost, near-term, rare-earth
production opportunities using the rare-earth mineral monazite,
which is available as a by-product from existing mining and
mineral-sands sources principally in the Indian Ocean basin.
Medallion, partnered with Takamul Investment Company, is currently
evaluating a proposal to import monazite feedstock and produce
rare-earth products at a proposed processing facility in the
industrial city of Duqm, Oman. Rare earths are used in critical
components for virtually all computing and mobile electronic
products, as well as wind turbines, electric and hybrid vehicles,
and strategic defense systems. Medallion is committed to following
best practices and accepted international standards in all aspects
of mining, mineral processing and the safe management of waste
materials. More about Medallion (TSX-VENTURE:MDL) (OTCQX:MLLOF)
(FRANKFURT:MRD) can be found at www.medallionresources.com.
Medallion management takes full responsibility for content
and has prepared this news release. 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.
Medallion Resources LtdDonald
LayPresident+1.604.681.9558info@medallionresources.comwww.medallionresources.comHamza
Thindal Capital Corp.Kam Thindal+1.888.371.9098
Grafico Azioni Medallion Resources (TSXV:MDL)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Medallion Resources (TSXV:MDL)
Storico
Da Gen 2024 a Gen 2025
