Channel Resources Grants Stock Options
Vancouver, BC - Channel Resources Ltd. ("Channel" or the "Company", TSX.V:CHU) announces that it has granted incentive stock options ("Options") to directors, management and consultants for the purchase of up to a total of 2,625,000 common shares of the Company at an exercise price of $0.15 per share.
The Options have a term of five years, are subject to vesting provisions, and are governed by the Company's Stock Option Plan and Option Grant Policy, pursuant to which Options may be granted up to a maximum of 10% of the issued and outstanding common shares of the Company from time to time. All shares issuable pursuant to the exercise of Options are subject to a four-month hold period commencing from the date the Options are granted.
To view the entire new release follow the link below:
July 30, 2012 (Source: Channel Resources, Ltd.)
Disclosure: Channel Resources, Ltd. is a Vulture Bargain Candidate of Interest (VBCI). Members of the GGR team are actively accumulating and hold long positions in CHU.T.
