Matachewan Consolidated Mines, Limited
TSX VENTURE : MCM.A

April 23, 2008 09:04 ET

Matachewan Consolidated Mines, Limited: Grant of Stock Options

TORONTO, ONTARIO--(Marketwire - April 23, 2008) - Matachewan Consolidated Mines, Limited (the "Company") (TSX VENTURE:MCM.A) announces that it has granted stock options to directors and employees of the Company to purchase up to 620,000 common shares, in aggregate ("Common Shares") in the capital of the Company at an exercise price of $0.35 per Common Share, the closing price of the Common Shares on April 21, 2008, expiring on April 21, 2013. The current number of issued and outstanding Common Shares is approximately 12,445,025. The options were granted pursuant to the Company's incentive stock option plan (the "Plan"), under which a maximum of 1,240,000 Common Shares are reserved for issuance. Following the grant of such options, a further 620,000 Common Shares will be available for issuance under the Plan.

THE TSX VENTURE EXCHANGE INC. HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE.

Contact Information

  • Matachewan Consolidated Mines, Limited
    Edward G. Dumond
    Secretary Treasurer
    (416) 814-3155