Torch River Resources Ltd.

Torch River Resources Ltd.

February 08, 2012 08:30 ET

Torch River Resources Ltd.: News Release

CALGARY, ALBERTA--(Marketwire - Feb. 8, 2012) - Torch River Resources Ltd. ("Torch" or the "Corporation") (TSX VENTURE:TCR) (FRANKFURT:WNF) (PINKSHEETS:TORVF) announces today that the Board of Directors granted an aggregate of 985,000 stock options to purchase common shares pursuant to its stock option plan to a total of 6 officers, directors and contractors of Torch effective February 7, 2012. All of the stock options vest immediately and were granted at an exercise price of $0.10 per common share. Of the 985,000 stock options granted, an aggregate of 785,000 stock options were granted to the four directors (including 1 director who is also an officer) and 180,000 stock options were granted to 1 officer of Torch (who is not a director). The stock options expire on February 07, 2017.

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