Dunav Resources Ltd.

Dunav Resources Ltd.

May 05, 2011 08:00 ET

Dunav Resources Ltd. Announces Grant of Options

LONGUEUIL, QUEBEC--(Marketwire - May 5, 2011) -Dunav Resources Ltd. (TSX VENTURE:DNV), formerly Queensland Minerals Ltd., announces that, subject to regulatory approval, it has approved the grant of an aggregate of 1,700,000 incentive stock options to its non-executive directors and members of the Company's technical advisory committee. The options are exercisable for a period of five years at an exercise price of $0.60 and are vesting over a two-year period.

The Company changed its name to Dunav Resources Ltd. to reflect the refocus of its business activities to Serbia. As previously announced, the name change became effective on May 4, 2011.

About the Company

The Company is a mineral exploration company. It has entered into an option agreement and an acquisition agreement to acquire mineral properties in Serbia. These two agreements are subject to a number of conditions, including, but not limited to, receipt of TSXV acceptance. Additional information about the Company is available on SEDAR at www.sedar.com and at www.queenslandminerals.com. A new website is under construction.

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

  • Dunav Resources Ltd.
    James Crombie
    President and Chief Executive Officer
    450-677-2601 (FAX)