News
in response to
by
posted on
Nov 30, 2007 12:10PM
Targeting High Grade Uranium on the Athabasca Trend
First Narrows Resources Corp. (TSX-V: UNO) (PINKSHEETS: FNRWF) (the "Company") reports that the Board of Directors of the Company has granted an aggregate 350,000 incentive stock options exercisable at a price of $0.50 for a period of five years to a director, employees and consultants.
The options were granted in accordance with a stock option plan adopted and approved by the shareholders of the Company at the Annual General Meeting held on November 23, 2007. The option grant will be filed with the TSX Venture Exchange. Any securities issued pursuant to the exercise of stock options will be subject to a four-month hold period from the date of the grant in accordance with securities regulations.
About First Narrows Resources Corp.:
First Narrows Resources Corp. (TSX-V: UNO) is a Canadian-based mineral exploration company whose corporate strategy is to develop overlooked and undervalued mineral properties that offer near term production potential. The Company has active projects in the Province of New Brunswick, Canada and in the State of Sonora, Mexico. The most advanced project is the 100%-owned Chester copper-polymetallic deposit in New Brunswick's Bathurst Mining Camp, which is rapidly moving forward to NI 43-101 mineral resource estimate and conceptual mine design status. For more information visit: www.uno.ca.
ON BEHALF OF THE BOARD OF DIRECTORS "Peter K. Gummer" Peter K. Gummer, President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents herein. We seek safe harbor.
Distributed by Filing Services Canada and retransmitted by Marketwire
For Corporate, Media, or Investor Communications contact:
Greg Lytle
Communications Manager
First Narrows Resources Corp.
N. America toll-free: (866) 285-5817
Int'l. & Vancouver: (604) 839-6946
Email: Email Contact
First Narrows Resources Corp.
Suite 402 - 1228 Hamilton Street
Vancouver, BC
Canada V6B 6L2
Toll free: 866-285-5817
Tel.: (604) 677-5143
Fax: (604) 677-4702
Website: http://www.uno.ca
SOURCE: First Narrows Resources Corp.
http://www2.marketwire.com/mw/emailprcntct?id=7CD3ADDB26A8D52B http://www.uno.ca
Copyright 2007 Market Wire, All rights reserved.