Gossan Awards Incentive Stock Options.WINNIPEG, Manitoba -- Gossan Resources Limited (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:GSS (storage) GSS - Group-Sweeping Scheduling. )(Frankfurt/Freiverkehr:GSR See Gigabit Switch Router. ) has awarded 60,000 incentive stock options to an officer and a director of the Company for a term expiring September 21, 2009. In addition, the Company awarded 10,000 incentive stock options for a term expiring March 21, 2008 to an employee. This award is in compliance with the terms of the Company's Stock Option Plan. All of these stock options are exercisable into common shares at $0.35 per share. The award of these stock options remains subject to the acceptance of 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. and any shares issued will be subject to a 4 month hold period. Gossan Resources Limited is engaged in mineral exploration in Manitoba and northwestern Ontario. It has a well-diversified portfolio of properties hosting gold, platinum group and base metals, as well as the specialty metals, tantalum, chromium, titanium and vanadium vanadium (vənā`dēəm), metallic chemical element; symbol V; at. no. 23; at. wt. 50.9415; m.p. about 1,890°C;; b.p. 3,380°C;; sp. gr. about 6 at 20°C;; valence +2, +3, +4, or +5. Vanadium is a soft, ductile, silver-grey metal. . The Company also has a large deposit of magnesium-rich dolomite and a silica sand prospect. Gossan trades on the TSX Venture and the Frankfurt/Freiverkehr & Xetra Exchanges and has 19,694,901 shares outstanding (25,319,678 shares fully diluted). The TSX Venture Exchange has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this news release. Gossan Resources Limited (TSX VENTURE:GSS) (FRANKFURT:GSR) |
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