Masuparia Grants Incentive Stock Options
01/19/2012 | 05:25pm
Masuparia Gold Corp. (TSX.V: MAS) ("the Company")
announces that subject to TSX Venture Exchange approval, has
granted 1,200,000 stock options to directors, officers and
consultants of the Company. The options are set for a period of
5 years, expiring on January 18, 2017, and will allow the
holder to purchase a common share in the Company at a price of
$0.22. A portion of the options will be subject to vesting over
a period of one year in accordance with Exchange regulations.
Any shares issued on the exercise of these stock options will
be subject to a four-month hold period from date of grant.
About Masuparia
Masuparia is a Canadian mineral exploration company focused on
grassroots exploration projects with world class potential.
Masuparia currently has an exploration project in Saskatchewan,
the Greywacke Lake gold project, which is in a JV with Golden
Band Resources (MAS 51%/ GBN 49%) and is at an advanced stage
with several known high-grade gold-bearing zones. The Resource
estimate on the Greywacke North Zone is 184,000 tonnes at 8.4
g/t Au (NI 43-101, Wardrop 2008).
On Behalf of the Board of Directors
Masuparia Gold Corp.
Ron Netolitzky, President & CEO
Neither TSX Venture Exchange nor the Investment Industry
Regulatory Organization of Canada accepts responsibility for
the adequacy or accuracy of this release.
For further information contact: Tony Perri - Investor
Relations at 604-685-8592
Or Raju Wani of Wani Capital at 403-240-0555
Suite 611, 675 W. Hastings Street Vancouver, British
Columbia, Canada V6B 1N2
