Hudson Announces Grants of Options and Corporate Update
October 12 2012 - 7:38PM
Marketwired Canada
HUDSON RESOURCES INC. (the "Company") (TSX VENTURE:HUD)(OTCQX:HUDRF) announces
that following the Company's annual compensation review which includes the
granting of options, the board of director's has approved the granting of a
total of 2,225,000 incentive stock options to directors, officers and employees
of the Company, as per the terms of the stock option plan. The options are
exercisable at $0.36 per share, being the closing price of the Company's shares
on the TSX Venture Exchange, and have a term of five years, subject to the
policies of the TSXV.
On June 6, 2011, Hudson announced that it had retained the services of Brisco
Capital Partners Corp. ("Brisco") to provide investor relations services. In
July 2012, it was mutually agreed between the Company and Brisco to terminate
the agreement.
ON BEHALF OF THE BOARD OF DIRECTORS
James Tuer, President
Forward-Looking Statements
This news release includes certain forward-looking statements or information.
All statements other than statements of historical fact included in this news
release, including, without limitation, statements regarding plans for the
completion of a financing and the intended terms and use of proceeds thereof,
and other future plans and objectives of the Company are forward-looking
statements that involve various risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from the
Company's plans or expectations include market prices, general economic, market
or business conditions, regulatory changes, timeliness of government or
regulatory approvals and other risks detailed herein and from time to time in
the filings made by the Company with securities regulators. The Company
expressly disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information, future events
or otherwise except as otherwise required by applicable securities legislation.
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