Zone Resources Inc. Grants Incentive Stock Options
13.03.2012 | Marketwired
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/13/12 -- Zone Resources Inc. (Zone) (TSX VENTURE: ZNR) (FRANKFURT: 7ZR) announces that pursuant to its stock option plan, the Company has granted incentive stock options to its directors, officers, consultants, and employees to purchase in the total of 200,000 common shares in the capital stock of the company, subject to regulatory approval, exercisable for a period of five years, at a price of $0.11 per share.About Zone Resources Inc.
Zone Resources Inc. is a Canadian Iron exploration and development company with 4 major projects situated in the Labrador Trough of Quebec, Canada. The properties are near Adriana Resources' Lac Otelnuk Project and New Millennium's Kemag and Labmag Projects. The Company's shares trade on the TSX Venture Exchange under the symbol ZNR and on the Frankfurt Exchange under the symbol 7ZR.
Cautionary note: This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as 'reserves' unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Zone Resources Inc.
Vancouver Office
(604) 683 5445
(604) 687 9631 (FAX)
info@zone-resources.com
www.zone-resources.com
