Mindoro Issues Incentive Stock Options
Mindoro Resources Ltd. (TSX VENTURE:MIO) (FRANKFURT:WKN 906167) announced that incentive stock options have been granted to directors, officers, employees and consultants of the Company to purchase four million common shares at an exercise price of $0.208 per share for a three year term.
The press release is quoted as saying:
Mindoro is a Tier 1 Issuer trading on the TSX Venture Exchange (MIO) and the Frankfurt Stock Exchange (WKN 906167). Mindoro is focused on exploration in the Philippines with a strategy of advancing early stage opportunities to production or joint venture. Mindoro controls major nickel laterite resources in the Surigao District, Mindanao, where potential for a direct shipping ore (DSO) operation to generate early cash flow is being advanced as well as large scale potential for an onsite processing plant.
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Incentive, Issues, Mindoro, Options, Stock
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