TORONTO, ONTARIO--(Marketwired - April 30, 2012) - Latin American Minerals Inc. (TSX VENTURE:LAT)(OTCQX:LATNF) (the "Company") announces that it has granted incentive stock options to its directors, officers, employees and consultants to purchase up to a total of 4,075,000 common shares at an exercise price of $0.15 per share, vesting over twelve months in accordance with the Company's stock option plan, and subject to a term of five years.
Following the current stock option grant, the Company will have 93,403,504 shares issued and outstanding, 9,302,000 options and 9,683,000 warrants for a fully diluted share capitalization of 112,388,504.
About the Company:
Latin American Minerals Inc. is a mineral exploration company whose core projects include the Company's Independencia Mine gold project and its satellite exploration properties, located in the Paso Yobai gold district of Paraguay. In addition to the Paso Yobai properties, the Company is also developing diamond, REE, niobium and base metals projects in South America.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this news release.
Contact Information:
Miles Rideout
President and CEO
(1-416) 363-0841 or (1-416) 902-8558
information@latinamericanminerals.com
www.latinamericanminerals.com