TTM Resources grants options to buy 4.05 million shares


2008-06-18 12:43 ET - Options Proposed

Mr. Crichy Clarke reports

TTM RESOURCES ANNOUNCES GRANT OF STOCK OPTIONS, ELECTS NEW DIRECTOR

TTM Resources Inc. has granted 4.05 million incentive stock options to directors, officers, employees and consultants of the company, exercisable at a price of $1.25 per share for a period of five years from the date of grant. Any shares issued under the option grant will be subject to a four-month hold period from the date of granting, pursuant to the policies of the TSX Venture Exchange. The options, while reserved, are subject to shareholder approval of the expanded option plan at the next annual general meeting, or special shareholder meeting, as called by the company.

The company would like to welcome Warren Robb, PGeo, to the board of directors. Mr. Robb was appointed vice-president, exploration, and chief operating officer on Oct. 12, 2007.

We seek Safe Harbor.