Aranlee grants share options.SCOTTSDALE, Ontario--(BUSINESS WIRE)--Oct. 2, 1996--Aranlee Resources Ltd. (VSE See DOS/VSE. VSE - Virtual Storage Extended : ARB.) has, subject to regulatory approval, allocated 350,000 shares for director, officer and employee incentive stock options. These options may be exercised in whole or in part until Oct. 1, 2001 at a price of Cdn. $1.15 per common share. At Aranlee's Annual General Meeting, held Sept. 26, 1996, the following directors were elected to the board: Steven Marsden, Stephen J. Kay KAY Kick Ass Year KAY Kansas Association of Youth , Barry D. Rayment, Clive T. Johnson and Roger T. Richer. Aranlee is a mineral exploration company with 17 joint venture properties in the Voisey's Bay area of Labrador, Canada and 8 properties in an emerging new precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. district in northern Argentina. The company has 15,989,217 shares issued and outstanding and 17,681,067 on a fully diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. basis. -0- The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). neither approves nor disapproves the information contained in this New Release. CONTACT: Aranlee Resources Ltd. Jim Kasten, 602/ 951-4870 |
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