Canadian Shield Issues Options to New Team Members
March 19 2010 - 12:47PM
Marketwired
Canadian Shield Resources Ltd. (TSX VENTURE: EXP) ("Canadian
Shield" or the "Company") announces the granting of 100,000
incentive stock options on March 16, 2010. Of the 100,000 stock
options awarded, 50,000 were granted to a new Director of the
Company. The remainder of the stock options were granted as
performance incentives to new staff. The stock options have an
exercise price of $1.00 per share and vest quarterly over an
18-month period expiring March 16, 2013. 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 July 17,
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. The Company has approximately $1.8 million in funds, and has
11.8 million shares issued and trading. 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 NEWS 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. QP
President (800) 362 2040 or (720) 272-6224 (416) 927-1222 (FAX)
klaskowski@canadianshieldresources.com
www.canadianshieldresources.com
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