|
|
|
Baffinland Iron Mines Corporation Grants Incentive Stock Options |
06/01/2004 |
|
Download this Press Release
|
TORONTO, ONTARIO – Baffinland Iron Mines Corporation (the “Company”) (TSXV: BIM) announces that it has granted stock options to an officer and director of the Company to purchase up to 150,000 common shares (“Common Shares”) in the capital of the Company at an exercise price of $1.15 per Common Share, the closing price of the Common Shares on May 31, 2004 was $1.00, vesting over 18 months and expiring on June 1, 2009. The current number of issued and outstanding Common Shares is approximately 18,360,987. The options were granted pursuant to the Company’s incentive stock option plan (the “Plan”), under which a maximum of 10% of the issued and outstanding Common Shares are reserved for issuance. Following the grant of such options, a further 586,099 Common Shares will be available for issuance under the Plan.
THE TSX VENTURE EXCHANGE INC. HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE.
|
|
|
|
|