Mr. Al Shefsky reports
PELE MOUNTAIN ANNOUNCES OPTION GRANT
Pele Mountain Resources Inc. has granted an incentive stock option to buy 250,000 shares to one individual director. The option is exercisable at 10 cents per share and expires on Dec. 31, 2018.
The exercise price of the options granted is above the closing price of Pele's common shares on the TSX Venture Exchange on the date immediately preceding the date of grant. All options granted and any common shares issued upon their due exercise will be subject to a statutory four-month hold. The granting of these options is subject to regulatory acceptance of applicable filings.
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