Canadian Shield Grants Stock Options
October 28 2009 - 4:09PM
Marketwired
Canadian Shield Resources Ltd. (TSX VENTURE: EXP) ("Canadian
Shield" or the "Company") announces the granting of 797,500
incentive stock options on October 26, 2009. Of the 797,500 stock
options awarded, 750,000 were granted to three executive officers
and three directors of the Company.
The stock options were granted as performance incentives for
officers, directors, employees and consultants. The stock options
have an exercise price of $1.00 per share and vest quarterly over
an 18-month period expiring October 26, 2012. All options granted
and any common shares issued upon the exercise of the options will
be subject to a statutory four-month hold period expiring February
27, 2010. The granting of the options is subject to regulatory
approval.
About Canadian Shield Resources Ltd. (TSX VENTURE: EXP)
Canadian Shield is a precious metals exploration and development
company focused on strategically-located properties in Peru and
Chile. Canadian Shield has seven precious metal exploration
projects in Peru and one in Chile. The Company's shares are listed
on the TSX Venture Exchange (Trading Symbol TSX-V: EXP). Further
information is available at Canadian Shield's website:
www.canadianshieldresources.com.
STATEMENTS IN THIS PRESS RELEASE, OTHER THAN PURELY HISTORICAL
INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE
PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE
FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON
NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND
UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS
A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED
IN THE FORWARD-LOOKING STATEMENTS.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
Contacts: Canadian Shield Resources Ltd. Keith Laskowski, MSc.
President (720) 272-6224 (416) 927-1222 (FAX)
klaskowski@canadianshieldresources.com
www.canadianshieldresources.com
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