Sheltered Oak Resources Corp. Grants Stock Options
2011年6月17日 - 9:30PM
Marketwired
Sheltered Oak Resources Corp. ("OAK" or the "Company") (TSX
VENTURE: OAK) announces that on May 26, 2011 it granted stock
options to directors and officers of OAK to purchase in the
aggregate up to 2,705,000 common shares ("Common Shares") in the
capital of OAK at an exercise price of $0.11 per Common Share. The
stock options will expire on May 26, 2016. The options were granted
pursuant to OAK's incentive stock option plan, under which a
maximum of 10% of the issued and outstanding Common Shares are
reserved for issuance. The vesting period is 1/3 immediately, 1/3
after 6 months and 1/3 after 12 months.
On May 30, 2011 the Company also granted stock options to J.J.
Elkin to purchase in the aggregate up to 1,750,000 Common Shares in
the capital of OAK at an exercise price of $0.13 per Common Share
as part remuneration for his continued services as President and
Chief Executive Officer through Richbert Agencies S.A. The vesting
period is 1/3 immediately, 1/3 after 6 months and 1/3 after 12
months.
The current number of issued and outstanding Common Shares is
95,049,234.
ABOUT SHELTERED OAK RESOURCES CORP.
Sheltered Oak Resources Corp. is focused on mineral exploration
opportunities in northeastern Ontario and owns a 100% interest in
26 mining claims, one mining claim under option and one mining
lease which comprise the Kerrs gold property located approximately
90 kilometres east-northeast of Timmins and 70 kilometres north of
Kirkland Lake.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Sheltered Oak Resources Corp. J.J Elkin President and
CEO 416-628-5802 416-628-5051 (FAX) jj@shelteredoak.com Sheltered
Oak Resources Corp. Art Hampson Chief Financial Officer
416-628-5802 416-628-5051 (FAX) ahampson@shelteredoak.com CHF
Investor Relations Jeanny So Director of Operations 416-868-1079
ext. 225 416-868-6198 (FAX) jeanny@chfir.com
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