Amseco Exploration Ltd.

Amseco Exploration Ltd.

August 30, 2010 14:53 ET

Amseco Grants Share Purchase Options

MONTREAL, QUEBEC--(Marketwire - Aug. 30, 2010) - Amseco Exploration Ltd. (TSX VENTURE:AEL) ("Amseco") announces the grant of the following share purchase options:

Lyne Plante 50,000

The options give the holder the right to buy shares of Amseco at a price of $0.11 per share for a period of ten (10) years from the grant date. The shares obtained following the exercise of the options are under a four (4) month resale restriction if they are issued within 4 months of the option grant date. The options vest entirely in the holder's name as of their grant date.

The Corporation also wishes to amend its July 21st press release where it announced the grant of options to Mrs. Plante with an exercise price of $0.10 per share. These options will have an exercise price of $0.15 per share to reflect the variation in the price of Amseco's share on the day prior to the issuance of the press release announcing the option grant.

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

  • Jean Desmarais