Declan Resources Inc.

November 09, 2012 17:00 ET

Declan Announces Grant of Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 9, 2012) - Declan Resources Inc. (the "Company") (TSX VENTURE:LAN) announces that it has granted stock options to a director to acquire up to 500,000 common shares of the Company. Each of the stock options is exercisable to acquire one common share for a five year term expiring on November 9, 2017 and exercisable until that time at a price of $0.15 per common 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 granted, and any common shares issued upon exercise thereof, are subject to a four month resale restriction from the date of grant.

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