Dianor Resources Inc
Focused on advancing Diamond Exploration properties in Canada.
Message: Announces Grant of Stock Options
| May 25, 2009 |
| Dianor Announces Grant of Stock Options |
| VAL-D'OR, CANADA--(Marketwire - May 25, 2009) - THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Dianor Resources Inc. (TSX VENTURE:DOR) announces that its Board of Directors has granted a stock option to one independent director in respect of 400,000 common shares. At the same time, Dianor granted stock options to one employee and one consultant in respect of an aggregate of 75,000 common shares. The options were granted under Dianor's Stock Option Plan. The exercise price of the options is $0.105 per share, representing the closing price of Dianor's common shares on the TSX Venture Exchange on May 21, 2009. The options expire in ten years, with the exception of the option granted to the consultant in respect of 50,000 common shares, which expires in five years. About Dianor Dianor is an innovative exploration company focused on advancing diamond exploration properties in the Superior Craton of Canada. The Leadbetter Diamond Project, our flagship and most advanced exploration project is geographically well situated and easily accessible, some 12 kilometres north east of Wawa in Northern Ontario. Substantial exploration work has been conducted on the property since 2005 where diamonds, gold, sapphires and rubies are present in 2.697 Ma old Archean Conglomerates (press release January 18th 2007). A preliminary tonnage estimate for this conglomerate is in the range of 549 million to 583 million tonnes (press release July 24th 2007). Additional diamond discoveries including rare purple diamonds were made in 2008 by the Company in rocks of similar type, age (Archean) and geological settings (press release March 3rd, April 10th, & May 13th 2008) in Quebec. The Quebec diamond properties have increased our portfolio of low cost, accessible exploration targets. These diamond discoveries (Ontario and Quebec) are both unique and amongst the oldest diamond bearing occurrences in the world. |
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