Freeport Grants 650,000 Stock Options
TSX - Toronto Stock Exchange
TSX Venture Exchange: FRI Shares Issued: 11,885,232 Fully Diluted: 14,947,732
VANCOUVER, Dec. 30 /CNW/ - FREEPORT RESOURCES INC. proposes to grant a total of 650,000 stock options to directors, officers, and consultants of the company at an exercise price of 20 cents, under the terms of the Stock Option Plan approved by disinterested shareholders on August 9, 2004. The company has granted a total of 2,141,500 options, or 18% of the issued and outstanding shares. Grant of options is subject to approval by the TSX Venture Exchange.
Freeport Resources, founded in 1981, is a junior mineral exploration company listed on the TSX Venture Exchange. Freeport has landholdings in Labrador and B.C., with a special focus on industrial minerals, precious metals, and gemstones.
Respectfully submitted on behalf of the Board of Directors,
"Brenda Clark"
Brenda Clark, MAIBC President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
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