Mongolia News
posted on
Dec 03, 2007 06:45AM
Vancouver, BC - Bayfield Ventures Corp. (TSX.V: BYV) (FWB: B4N) announces that pursuant to its stock option plan, the Company has granted incentive stock options to its officers and consultants to purchase up to an aggregate of 175,885 common shares in the capital stock of the Company, exercisable for a period of five years, at a price of $0.52 per share. The Company's 10% rolling stock option plan was approved by the shareholders at the Annual General Meeting of the Company held on March 21, 2007. These options are subject to a four-month hold period.
Bayfield Ventures Corp. is also pleased to announce that Mr. Kerry Griffin, Geologist, has been engaged as the Consulting Geologist for the Company's wholly-owned subsidiary Bayfield Mongolia LLP. Mr. Griffin has joined Bayfield Mongolia LLP to assist the Company with managing its exploration activities in Mongolia.
Bayfield Ventures Corp. is actively involved in the exploration for gold in Northwestern Ontario, diamonds in Central Saskatchewan, Canada, and copper-gold and coal in the South Gobi region of Mongolia. Property partners include Goldcorp and BHP Billiton.
ON BEHALF OF THE BOARD OF DIRECTORS
"Jim Pettit"
JAMES G. PETTIT
Chairman / Director