NXA Inc.
TSX VENTURE : NXI

March 27, 2008 19:17 ET

NXA Grants Stock Options

TORONTO, ONTARIO--(Marketwire - March 27, 2008) -

NOT FOR DISTRIBUTION TO UNITED STATES OF AMERICA WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES OF AMERICA

NXA INC. (the "Company") (TSX VENTURE:NXI) announces the granting of 1,044,000 incentive stock options, subject to approval by the TSX Venture Exchange and in accordance with the provisions of the stock option plan of the Company, to directors and officers of the Company. Each stock option is exercisable to acquire one common share of the Company at an exercise price of $0.10 per share until March 26, 2013. The options will vest in equal amounts on a quarterly basis over an eighteen month period.

ABOUT NXA INC.

NXA is a mineral exploration company with mineral properties in British Columbia, Canada. NXA is listed on Tier 2 of the TSX Venture Exchange.

Shares Outstanding: 40,874,555

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the information contained herein.

Contact Information

  • NXA Inc.
    Robert J. Metcalfe
    President and CEO
    (416) 400-4457
    or
    NXA Inc.
    Chuck Lilly
    Chief Financial Officer
    (705) 522-2400, ext. 207