Alhambra Resources Ltd.

Alhambra Resources Ltd.

November 16, 2009 21:06 ET

Alhambra Resources Ltd.: Granting of Stock Options

CALGARY, ALBERTA--(Marketwire - Nov. 16, 2009) - Alhambra Resources Ltd. (TSX VENTURE:ALH)(FRANKFURT:A4Y) ("Alhambra" or the "Corporation") announces that its Board of Directors has resolved to issue stock options to purchase up to and including 350,000 common shares of the Corporation to a director, employee and consultant. Such stock options shall have an exercise price of $0.315 per common share, shall have a term of five years from the date of grant, and shall vest as to twenty-five percent (25%) immediately and thereafter as to twenty-five percent (25%) on dates which are six (6) months, twelve (12) months and eighteen (18) months from the date of grant.


Alhambra is a Canadian based gold exploration and production corporation engaged in the exploration of and production from its 100% owned Uzboy Project. Alhambra is currently in its seventh year of operations in the Republic of Kazakhstan.

Alhambra common shares trade on the TSX Venture Exchange under the symbol ALH and in Germany on the Frankfurt Open Market under the symbol A4Y. The Corporation's website can be accessed at

Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Alhambra Resources Ltd.
    Ihor P. Wasylkiw
    Chief Information Officer
    +1 (403) 508-4953
    Alhambra Resources Ltd.
    Don D. McKechnie
    Vice President Finance and CFO
    +1 (403) 228-2855
    (403) 228-2865 (FAX)