Mr. Mike Taylor reports
SLAM ANNOUNCES GRANT OF STOCK OPTIONS
Slam Exploration Ltd. has granted options to purchase 1,045,000 common shares in the capital of the company pursuant to the company's stock option plan. Options to purchase up to 675,000 common shares were granted to directors and officers, and options to purchase up to 270,000 common shares were granted to employees and consultants. In addition, options to purchase up to 100,000 common shares were granted to the company's investor relations consultant, Brian Jones, vesting quarterly over a period of one year. All such options are exercisable at a price of 20 cents per share for a period of five years from the date of grant and are subject to a four-month hold period until Jan. 13, 2013.
The company grants options as an incentive for the company's team to advance its corporate objectives and allow the company to prosper in the highly competitive marketplace that exists today. The current objective is to continue the exploration and development of the road-accessible new gold discoveries on the Menneval and NW gold projects in New Brunswick.
We seek Safe Harbor.