Young-Shannon Gold Mines, Limited Announces Grant of Options
07 5월 2008 - 6:00AM
Marketwired
TORONTO, ONTARIO (the "Corporation") announced today that on May
1, 2008 the Board of Directors approved a grant of 1,600,000 stock
options to directors and officers of the Corporation in accordance
with the Corporation's Employee Stock Option Plan. The options have
a strike price of $0.10 and expire on May 1, 2013.
Young-Shannon Gold Mines, Limited is a precious metals
exploration company which holds a group of 11 patented and 18
unpatented claims within Chester Township located west of Highway
144 midway between Sudbury and Timmins, Ontario. It has an option
to earn a 60 % interest in the McMillan Gold Mine property, located
75 kilometres southwest of the Greater City of Sudbury, and it also
has an option to earn a 70% interest in the M-18 gold property in
Argentina. The Company has 53,803,828 common shares outstanding and
is listed on the TSX Venture Exchange under the symbol GYS.
Further details may be obtained from our website:
www.youngshannon.com.
This press release contains certain forward-looking statements.
While these forward-looking statements represent our best current
judgment, they are subject to a variety of risks and uncertainties
that are beyond the company's ability to control or predict and
which could cause actual events or results to differ materially
from those anticipated in such forward-looking statements.
Accordingly, readers should not place undue reliance on
forward-looking statements.
No stock exchange, securities commission or other regulatory
authority have approved or disapproved the information contained
herein.
Contacts: Young-Shannon Gold Mines, Limited Greg Lipton
President (416) 861-8351 (416) 867-2298 (FAX) Email:
greg.lipton@youngshannon.com Website: www.youngshannon.com
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