Post by admin on Jan 16, 2009 14:43:49 GMT -5
Jan 16, 2009 14:23 ET Duran Ventures Announces Stock Option Grant
TORONTO, ONTARIO--(Marketwire - Jan. 16, 2009) - George A. Brown, CEO of Duran Ventures Inc. (TSX VENTURE:DRV) wishes to announce the grant of 1,200,000 stock options to qualified recipients, subject to regulatory approval.
The Board of Directors met this morning and granted the stock options exercisable at $0.25 for a period of 3 years to January 16, 2012. The stock options were granted at a premium to market of 47% based on the previous days closing share price of $0.17. The stock options will vest over 18 months within the vesting guidelines of the TSX Venture Exchange.
The grant included 700,000 stock options to the seven directors, 400,000 stock options to five senior officers of Duran and its Peruvian subsidiary, and 100,000 stock options to two consultants to the Company.
The Company maintains a 10% rolling stock option plan as approved by the shareholders at the October 14, 2008 Annual and Special Meeting of Shareholders. No stock options had been granted to the directors and officers on the June 2008 anniversary of the last annual grant due to the postponement of the shareholders meeting until October 2008. No stock options were granted at the board meeting following the shareholder meeting in October 2008 due to the very limited number of stock options available for grant prior to the closing of the amalgamation with MacMillan Gold Corp. which was completed effective October 31, 2008.
The grant of stock options to directors and senior officers aids the Company to attract, retain, and motivate well qualified and experienced individuals.
The Company is not aware of any material information or results that have not been publicly disclosed.
Investors are invited to visit Duran Ventures IR Hub at www.agoracom.com/ir/duran where they can post questions and receive answers or review existing questions and answers. Investors may also ask questions or request to be added to the investor email list at DRV@agoracom.com.
Duran Ventures Inc. is a Canadian resource company listed on the TSX VENTURE Exchange: Symbol "DRV".
The TSX-V Exchange has not reviewed and accepts no responsibility for the adequacy or accuracy of this release
TORONTO, ONTARIO--(Marketwire - Jan. 16, 2009) - George A. Brown, CEO of Duran Ventures Inc. (TSX VENTURE:DRV) wishes to announce the grant of 1,200,000 stock options to qualified recipients, subject to regulatory approval.
The Board of Directors met this morning and granted the stock options exercisable at $0.25 for a period of 3 years to January 16, 2012. The stock options were granted at a premium to market of 47% based on the previous days closing share price of $0.17. The stock options will vest over 18 months within the vesting guidelines of the TSX Venture Exchange.
The grant included 700,000 stock options to the seven directors, 400,000 stock options to five senior officers of Duran and its Peruvian subsidiary, and 100,000 stock options to two consultants to the Company.
The Company maintains a 10% rolling stock option plan as approved by the shareholders at the October 14, 2008 Annual and Special Meeting of Shareholders. No stock options had been granted to the directors and officers on the June 2008 anniversary of the last annual grant due to the postponement of the shareholders meeting until October 2008. No stock options were granted at the board meeting following the shareholder meeting in October 2008 due to the very limited number of stock options available for grant prior to the closing of the amalgamation with MacMillan Gold Corp. which was completed effective October 31, 2008.
The grant of stock options to directors and senior officers aids the Company to attract, retain, and motivate well qualified and experienced individuals.
The Company is not aware of any material information or results that have not been publicly disclosed.
Investors are invited to visit Duran Ventures IR Hub at www.agoracom.com/ir/duran where they can post questions and receive answers or review existing questions and answers. Investors may also ask questions or request to be added to the investor email list at DRV@agoracom.com.
Duran Ventures Inc. is a Canadian resource company listed on the TSX VENTURE Exchange: Symbol "DRV".
The TSX-V Exchange has not reviewed and accepts no responsibility for the adequacy or accuracy of this release