Bowmore Exploration Ltd. Grants Stock Options
16.01.2012 | Marketwired
MONTRÉAL, QUÉBEC -- (Marketwire - Jan. 16, 2012) - BOWMORE Exploration Ltd. (TSX VENTURE: BOW) ("Bowmore") is pleased to announces that its Board of Directors approved the granting of incentive stock options under its stock option plan to its directors and consultants to acquire up to an aggregate of 1,200,000 common shares of Bowmore. All of the options are exercisable for a period of 5 years at a price of $0.50 per share.The options will vest over a period of two years and all common shares issuable pursuant to the exercise of options are subject to a hold period of four months and one day from the date of the option grant.
In addition Bowmore has retained Mr. Pierre Normand as an investor relation consultant to provide investor and broker liaison and to increase awareness of Bowmore within the investment community. Mr. Normand as over 15 years as a Financial Advisor with CIBC Wood Gundy and Canaccord Wealth Management.
Subject to regulatory approval, Mr. Normand will receive a fee of $5,000 per month and will be granted 100,000 stock options vesting in accordance with the TSX Venture Exchange guidelines.
BOWMORE is a Canadian exploration mining company focused on precious metal exploration in Canada and Mexico.
Forward-looking statements:
Except for statements of historical facts, all statements in this news release regarding, without limitation, new project acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; Actual results and future events could differ materially from those anticipated in such statements.
Neither 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.
Contact Information
BOWMORE Exploration Ltd.
Paul A. Dumas, President & CEO
(514) 861-4441
info@bowmorexploration.com
www.bowmorexploration.com
