Plexmar Resources Inc.

Plexmar Resources Inc.

May 05, 2009 15:54 ET

Plexmar Resources Inc.: Stock Options Grant

QUEBEC CITY, QUEBEC--(Marketwire - May 5, 2009) - Plexmar Resources Inc. (TSX VENTURE:PLE) Plexmar's board of directors granted, yesterday, a total of 8,925,000 stock options to its officers and directors, consultants and service providers in accordance with the terms and conditions of the stock option plan and subject to any approval that may be required by the TSX Venture Exchange. Of this number, 6,500,000 have been granted to its directors and officers and 2,425,000 have been granted to its consultants and services providers. Each stock option entitles its holder to subscribe one common share of the company at a price of $0.11 per share, which is the closing price on the TSX Venture as of May 4, 2009. The stock options are subject to a 4-month holding period and their expiry date is May 4, 2014.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.

160 M shares outstanding

Contact Information

  • Plexmar Resources Inc.
    Guy Bedard
    418-658-6776 ext.107