Marifil Mines Ltd. Grants Incentive Stock Options
posted on
Jun 07, 2012 01:21PM
Marifil Mines (MFM: TSX-V) is a Canadian resource exploration company with an aggressive strategy, focused on exploring for precious and base metals in Argentina
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 7, 2012) - Marifil Mines Ltd. (TSX VENTURE:MFM) ("Marifil" or the "Company") announces that it has granted incentive stock options to purchase an aggregate of 1,360,000 common shares of Marifil to directors, officers and employees of the Company. These options will be exercisable for a period of five years at the price of $0.20 per share.
The granted incentive stock options replace the 1,510,000 options that expired on May 28, 2012 and were exercisable at the price of $0.66 per share.
On behalf of the Board of Directors,
John Hite, President
For further information regarding Marifil Mines Ltd., please refer to the Company's filings available on SEDAR (Http://www.sedar.com) or at Marifil's Website (Http://www.marifilmines.com).
This press release has been reviewed and approved by John Hite, President of Marifil Mines Ltd. and by Richard Walters, Vice President under whose directions the exploration program is being carried out. Mr. Hite and Mr. Walters are Qualified Persons as defined by National Instrument 43-101.
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