Bear Lake grants options to buy 1.32 million shares
2011-12-16 08:36 ET - News Release
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BEAR LAKE GOLD FILES AUDITED FINANCIAL STATEMENTS FOR YEAR ENDED SEPTEMBER 30, 2011 AND MAKES OPTION GRANT
Bear Lake Gold Ltd. has filed its audited consolidated financial statements, notes and MD&A (management's discussion and analysis) for the year ended Sept. 30, 2011, on SEDAR, and made them available on the company's website.
The company also announces that it has approved the grant of a total of 1.32 million incentive stock options to officers and employees of the company. Subject to regulatory approval, the options will be exercisable at a price of eight cents for a period of five years. A total of 800,000 options are subject to vesting based upon satisfaction of performance-based criteria, and 520,000 will vest over two years. |