News
Issuance of Stock Options
August 6, 2010
Vulcan Minerals Inc. (“the Company” TSX-V: VUL) announces that it has approved the issuance of 950,000 incentive stock options to directors for a period of 5 years and 505,000 employee/consultant incentive stock options for a period of 3 years with certain vesting provisions. All of the options are at an exercise price of $0.45. The company has reserved 5,446,124 shares pursuant to its stock option plan of which 4,830,000 have been granted to 10 individuals representing 4 members of the board of directors and 6 employee/consultants.
Vulcan is a diversified junior exploration company focused on petroleum exploration in the under-explored western Newfoundland and Labrador areas and also holds mineral interests in areas strategic to its operations in Newfoundland and Labrador.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company’s expectations. Certain risk factors may also affect the actual results achieved by the Company.
There can be no assurance that forward-looking information will prove to be accurate. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from any conclusions, forecasts or projections described in the forward-looking information. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise
For information please contact:
Patrick J. Laracy, President
Gerri A. MacNeil, Business Manager, Investor Relations
(709) 754-3186