A mineral resource company creating shareholder value through exploration & discovery
Message: Grants Incentive Stock Options
| March 25, 2009 |
| Serengeti Grants Incentive Stock Options |
| VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 25, 2009) - Serengeti Resources Inc. (TSX VENTURE:SIR) wishes to announce that it has awarded a total of 980,000 incentive stock options to directors, officers, consultants and employees of the Company, exercisable at $0.25 for a period of five years from the date of grant. About Serengeti Serengeti is a mineral exploration company managed by an experienced team of professionals with a solid track record of exploration success. The Company is focused on the advancement of its Kwanika copper-gold project and on the discovery of gold and copper deposits on its extensive portfolio of properties in the highly prospective Quesnel Trough of British Columbia. Additional information on Serengeti's projects can be found on the Company's website at www.serengetiresources.com. Serengeti is well funded to advance its projects with a working capital position of approximately $8.9 million and a 2009 budget of $2.7 million. Furthermore the Company expects to receive a refund of approximately $2.5 million from the B.C. government's METC program in 2010, which amount is not currently included in the working capital position indicated above. |
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