Quest Rare Earth Minerals - Was Quest Unranium Corporation - FWR Spinn off
Uranium and Rare Earth Elements Exploration in Canada
Message: Grants Stock Options
| February 13, 2009 |
| Quest Uranium Grants Stock Options |
| TORONTO, ONTARIO--(Marketwire - Feb. 13, 2009) - Quest Uranium Corporation ("Quest") (TSX VENTURE:QUC) announces that its Board of Directors has today granted stock options to five directors and officers in respect of an aggregate of 600,000 common shares. The options were granted under Quest's 2007 Stock Option Plan. The exercise price of the options is $0.10 per share. The last closing price of Quest's common shares on the TSX Venture Exchange was $0.035. The options expire in five years. About Quest Uranium Quest Uranium Corporation is a Canadian-based, pure-uranium exploration company focused on the identification and discovery of new world-class uranium deposit opportunities. The company is publically-listed on the TSX Venture Exchange as "QUC" and is led by a highly-respected management and technical team with a proven mine-finding track record. Quest is currently advancing several high-potential projects in Canada's premier uranium exploration areas: the George River Belt of northeastern Quebec, the Kenora area of northwestern Ontario and the Plaster Rock area of northwestern New Brunswick. Quest also has a clear route to 50% ownership of a large uranium property in the James Bay area, Quebec under option from Midland Exploration Inc. Quest also operates its Nanuk and Stewart Lake properties in the George River area under an option agreement with Nebu Resources Inc., whereby Nebu is committed to spending $1 million in exploration on the properties in 2008 and $3.0 million over the next three years. Quest continues to identify new, high-potential project opportunities throughout North America. |
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