Razore Rock Resources Inc.

May 06, 2011 18:51 ET

Razore Rock Resources Inc.: Follow Up on Stock Options Grant Announcement

TORONTO, ONTARIO--(Marketwire - May 6, 2011) - Razore Rock Resources Inc. ("Razore Rock" or the "Company") wishes to advise that, further to its press release earlier today, as a result of the stock options grant, Michael Wilson, President, Chief Executive Officer and a director of the Company, holds directly 817,000 common shares representing 8.42% of outstanding capital and 250,000 stock options ("Options") after giving effect to the stock option grant. If Mr. Wilson were to exercise all of his Options, he would hold 1,067,000 common shares directly out of a partially diluted capital of 9,958,768 common shares (after giving effect to the exercise of his 250,000 Options) representing 10.71% of outstanding capital.

Mr. Wilson has advised that the Options were acquired as part of the Company's compensation policies to its directors and he has no present intention to either increase or decrease his holdings in the Company. Notwithstanding the foregoing, Mr. Wilson has advised that he may increase or decrease his beneficial ownership, control or direction over common shares of the Company through market transactions, private agreements, exercise of warrants, options, other treasury issuances or otherwise.

Contact Information

  • Razore Rock Resources Inc.
    Mr. William R. Johnstone
    Corporate Secretary, Treasurer,
    Acting Chief Financial Officer and a
    director of the Company
    (416) 865-6605