THEMAC Resources Amends and Grants Share OptionsPosted: 04/24/2014 | Posted By: News Resource/Publisher
Vancouver, British Columbia – April 24, 2014 – THEMAC Resources Group Limited (TSXV:MAC) (“THEMAC” or the “Company”) wishes to announce that, subject to the approval of the TSX Venture Exchange (the “TSXV”), the Company has granted 7,392,857 options exercisable at $0.07 per common share exercisable for a period of 2 to 5 years to officers, consultants and employees of the Company.
The Company has also determined to re-price outstanding options held by consultants of the Company for the purchase of an aggregate of 355,002 common shares of the Company, having an exercise price of $0.51 to $0.68 per share and expiry dates in 2016 and 2017. These stock options will be re-priced to have an exercise price of $0.15 per share in order to more accurately reflect the current market price of the Company’s shares, and to recognize the ongoing contributions of the consultants. The Company will extend the expiry date of 540,789 options exercisable at $0.15 per common share which currently expire on December 4, 2014 to August 23, 2017 in recognition of the continued service of a consultant. Amendment of the exercise price and expiry date of the options is subject to the approval of the TSXV.
About THEMAC Resources Group Limited
THEMAC is a copper development company with a strong management team which acquired the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA in May 2011. We are committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into production with innovation and a sustainable approach to mining development and production, local economic opportunities and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 76,492,122 common shares (fully diluted share capital 132,913,113).
For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).
For further information contact:
THEMAC Resources Group Limited
Phone: +44 7539 466703
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.