Verena Minerals Corporation

Verena Minerals Corporation

November 04, 2005 16:19 ET

Verena Grants Stock Options

TORONTO, ONTARIO--(CCNMatthews - Nov. 4, 2005) - Verena Minerals Corporation ("Verena" or the "Company") (TSX VENTURE:VML) announces that on November 3, 2005 an aggregate of 971,000 incentive stock options (the "Options") were granted to two directors of the Company, exercisable at $0.17 a share, being no less than the previous day's closing price of the Company's shares on the TSX Venture Exchange. The Options are exercisable for a period of five-years from the date of grant. The Options were granted as replacement options for an aggregate of 971,000 incentive stock options that were recently exercised by two directors of the Company.

Verena Minerals Corporation is focused on the exploration and development of gold projects in Brazil. Through its wholly-owned Brazilian subsidiaries, the Company controls over 100,000 hectares of prospective exploration concessions covering major mineralized belts in Goias, Minas Gerais, Rio Grande do Norte, Para and Tocantins states.

Verena currently has approximately 59.3 million shares outstanding, and is listed on the TSX Venture Exchange under the symbol VML.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Contact Information

  • Verena Minerals Corp.
    Stephen Shefsky
    President and CEO
    (416) 924-4337