Mr. Andrew Maloney reports
THEMAC RESOURCES AMENDS AND GRANTS SHARE OPTIONS
Themac Resources Group Ltd., subject to the approval of the TSX Venture Exchange, has granted 7,392,857 options exercisable at seven cents per common share exercisable for a period of two to five years to officers, consultants and employees of the company.
The company has also determined to reprice outstanding options held by consultants of the company for the purchase of an aggregate of 355,002 common shares of the company, having an exercise price of 51 cents to 68 cents per share, and expiry dates in 2016 and 2017. These stock options will be repriced to have an exercise price of 15 cents per share in order to more accurately reflect the current market price of the company's shares and to recognize the continuing contributions of the consultants. The company will extend the expiry date of 540,789 options exercisable at 15 cents per common share which currently expire on Dec. 4, 2014, to Aug. 23, 2017, in recognition of the continued service of a consultant. Amendment of the exercise price and expiry date of the options is subject to the approval of the TSX-V.
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