WSR announces $0.80 options to directors

Formerly WSR

Aggressive program in a highly prospective portion of the "Ring of Fire" mineralized zone.

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mike97

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WSR announces $0.80 options to directors

posted on Jun 11, 2008 09:51AM

I always think the directors get a sweet deal on these options but we can buy at the same price today. However we have to pay today and they only pay when they exercise them when the share price reaches some multiple of $0.80. However it is in all our interests to achieve that multiple in share price.

WSR Gold Announces Grant of Options
Wednesday June 11, 11:09 am ET

TORONTO, ONTARIO--(Marketwire - June 11, 2008) - WSR Gold Inc. (TSX VENTURE:WSR - News) WSR Gold Inc. announces that it has granted a total of 4,475,000 options to directors, officers and consultants of the Company exercisable over a five-year period expiring June 11th, 2013, at a price of $0.80 per share. The grant is subject to regulatory and shareholder approval.

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