GobiMin Inc.
TSX VENTURE : GMN

GobiMin Inc.

August 09, 2007 14:32 ET

GobiMin Inc.: New Grant of Stock Options

TORONTO, ONTARIO--(Marketwire - Aug. 9, 2007) - GobiMin Inc. (the "Company") (TSX VENTURE:GMN) announces the recent granting of incentive stock options under the Company's Stock Option Plan to its six directors and other members of the staff and management of the Company and its subsidiaries subject to regulatory approval and to the provisions of the Company's Stock Option Plan.

Six directors of GobiMin, namely, Messrs. Felipe Tan, Zhang Ming, Dominic Cheng, Hubert Marleau, Jean-Charles Potvin and Qiao Fugui, are granted stock options to purchase up to 300,000, 200,000, 112,500, 112,500, 75,000, 75,000 common shares of GobiMin at an exercise price of CAD3.60 per share respectively, exercisable until August 2, 2010.

Options to acquire 522,000 common shares of the Company are also granted to the staff and management of the Company and its subsidiaries at an exercise price of CAD3.60 per share, exercisable until August 2, 2012.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

Contact Information

  • GobiMin Inc.
    James Xiang
    Chief Financial Officer
    (416) 915-0133
    (416) 363-2908 (FAX)
    Email: james@gobimin.com