Baffinland Iron Mines Corporation: Grant Of Stock Options; Appointment Of Director.TORONTO -- Baffinland Iron Mines Corporation (the "Company") (TSX-VENTURE:BIM BIM Building Information Modeling BIM Building Information Model BIM Bord Iascaigh Mhara (Irish Sea Fisheries Board) BIM Brussels Instituut voor Milieubeheer (Belgium) BIM Bharathidasan Institute of Management ) announces that it has granted stock options to a director of the Company to purchase up to 100,000 common shares ("Common Shares") in the capital of the Company at an exercise price of $1.00 per Common Share, the closing price of the Common Shares on June 28, 2004 was $1.00 , vesting over 18 months and expiring on June 29, 2009. The current number of issued and outstanding Common Shares is approximately 18,360,987 and 4,400,000 Flow-Though Special Warrants. The options were granted pursuant to the Company's incentive stock option plan (the "Plan"), under which a maximum of 10% of the issued and outstanding Common Shares are reserved for issuance. Following the grant of such options, a further 486,099 Common Shares will be available for issuance under the Plan. In other news the Company is pleased to announce the appointment of Mr. Brian W. Penny to the Board of Directors effective June 29, 2004. He is also a member of the Audit Committee. Mr. Penny is a Certified Management Accountant  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. with approximately twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. experience in the mining industry, most recently as Vice President Finance and Chief Financial Officer of a major international mining Company. THE TSX VENTURE EXCHANGE TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE. |
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