Moto Goldmines-Stock Options Granted to Chairman
posted on
May 18, 2009 02:45AM
Edit this title from the Fast Facts Section
May 18, 2009 | |
Moto Goldmines-Stock Options Granted to Chairman | |
PERTH, WESTERN AUSTRALIA--(Marketwire - May 18, 2009) - NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH ANY US NEWSWIRE SERVICE Moto Goldmines Limited (the "Company") (TSX:MGL)(AIM:MOE) announces the grant of 133,950 stock options (the "Options") to Samuel Esson Jonah, KBE, as of May 15, 2009. The Options were granted pursuant to the terms of his engagement as a director and Chairman of the Company and pursuant to the Company's Stock Option Plan. Each Option entitles Mr. Jonah to purchase one Common Share in the Company at an exercise price of C$2.83 per share. The Options will expire six years from the date of grant and will vest as set out below: ------------------------------------------------------------ Number of Options Vesting Date Expiry Date ------------------------------------------------------------ 44,650 May 15, 2009 May 15, 2015 44,650 May 15, 2010 May 15, 2015 44,650 May 15, 2011 May 15, 2015 ------------------------------------------------------------ |