Perpetua Resources Corp. press release
Champion Bear grants share options
NASDAQ - Nasdaq Stock Market · Gold · Antimony · Silver · United States
(TSX Venture: CBA)
CALGARY, Jan. 18 /CNW/ - Champion Bear Resources Ltd. ("Champion Bear") announced today that it has granted options to acquire an aggregate of 395,000 common shares of Champion Bear to directors and officers of the company at an exercise price of $0.70 per share until January 17, 2012. Of these options, 195,000 have been granted to the Chairman and President, 50,000 have been granted to the Corporate Secretary and an aggregate of 150,000 have been granted to non-executive directors of the Company. The options vest as to one-third thereof on each of the six, 12 and 18 month anniversaries of the date of the grant.
Champion Bear is a mineral exploration company focused exclusively on the historically prospective regions of Ontario. The company's primary target is platinum group and precious metals and to a lesser extent polymetallic base metal and pegmatite-hosted tantalum deposits. Champion Bear's aim is to create shareholder value through selective property acquisition and joint venture followed by focused exploration emphasizing drilling. The company has assembled a large land position in the Dryden and Sudbury areas, totaling over 16,000 hectares.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.