Torch River Resources Ltd.

Torch River Resources Ltd.

January 04, 2011 11:29 ET

Torch River Resources Ltd.: News Release

CALGARY, ALBERTA--(Marketwire - Jan. 4, 2011) - Torch River Resources Ltd. ("Torch" or the "Corporation") (TSX VENTURE:TCR) (FRANKFURT:WNF) (PINK SHEETS:TORVF) announces today that the Board of Directors granted an aggregate of 800,000 stock options to purchase common shares pursuant to its stock option plan to a total of 4 officers and directors of Torch effective January 4, 2011. All of the stock options vest immediately and were granted at an exercise price of $0.10 per common share. Of the 800,000 stock options granted, an aggregate of 550,000 stock options were granted to 3 directors (including 1 director who is also an officer) and 250,000 stock options were granted to 1 officer of Torch (who is not a director). The stock options expire on January 04, 2016.

Torch is a company listed and trading on the TSX Venture Exchange, symbol: TCR.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Torch River Resources Ltd.
    William E. Pfaffenberger
    President and Chief Executive Officer
    (403) 444-6888
    ProActive Communications Co.
    Local Vancouver: (604) 541-1995 or toll free (800) 540-1995