Vaaldiam Resources Ltd.

Vaaldiam Resources Ltd.

January 16, 2006 15:42 ET

Vaaldiam Grants Stock Options

TORONTO, ONTARIO--(CCNMatthews - Jan. 16, 2006) - Vaaldiam Resources Ltd. (TSX VENTURE:VAA) announces that it has granted stock options to purchase a total of 2,105,000 common shares to directors, officers and employees. Each option entitles the holder to purchase a common share of the Corporation at a price of $0.75 per share for a period of five years with all such options vesting immediately. The option exercise price is within the permitted discount range of the TSX Venture Exchange based on the closing price of Friday, January 13, 2006. The stock options are granted pursuant to the Corporation's stock option plan and are subject to regulatory acceptance.

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

Contact Information

  • Vaaldiam Resources Ltd.
    Ken Johnson
    President & CEO
    (416) 363-6927
    Vaaldiam Resources Ltd.
    Robert Yeoman
    Vice President and Corporate Secretary
    (416) 363-6927