News - Stock options granted
posted on
Aug 25, 2008 10:56AM
NI 43-101 Resources of 3.42M oz. Au Indicated and 3.17M oz. Au Inferred (Feb. 2011)
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Rainy River Grants Stock Options |
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VANCOUVER, BRITISH COLUMBIA, Aug 25, 2008 (Marketwire via COMTEX) -- (Marketwire) |
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Nelson W. Baker, President and CEO of Rainy River Resources Ltd. (TSX VENTURE:RR) announces that the Company has granted a total of 210,000 stock options to consultants in accordance with the Company's stock option plan. Each option is exercisable at the price of $4.12 into one common share of the Company for a term of five years and shall be subject to vesting provisions allowing one third of the options to become exercisable on August 6, 2009. Nelson W. Baker, President This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, including market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information. SOURCE: Rainy River Resources Ltd.
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