Declan Resources Inc.
TSX VENTURE : LAN

September 11, 2012 08:00 ET

Declan Announces Grant of Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 11, 2012) - Declan Resources Inc. (TSX VENTURE:LAN) ("Declan" or the "Company") announces that it has granted stock options to acquire up to 6,000,000 common shares of the Company. Each of the stock options is exercisable for a five year term expiring on September 11, 2017, and exercisable until that time at a price of $0.16 per common share. On September 10, 2012, the last day that the Company's common shares traded prior to the granting of the stock options, the closing price of the common shares on the TSX Venture Exchange was $0.155 per share. One-third of the options vested immediately upon the date of grant with an additional one-third to vest on each of the dates that is nine months and eighteen months from the date of grant. The stock options, and any common shares issued upon exercise of the stock options, are subject to a four month resale restriction.

About Declan Resources Inc.

Declan Resources Inc. is an independent mineral exploration company based in Vancouver, B.C.

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.

Contact Information

  • Declan Resources Inc.
    Wayne Tisdale
    President and CEO
    (604) 639-4455