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Nov 03, 2005
MINDORO ISSUES INCENTIVE STOCK OPTIONS
EDMONTON, Alberta -- Mindoro Resources Ltd. (TSXV: MIO; Frankfurt: OLM) today announced that options have been granted to directors, officers, advisory board members and employees of the Company and the Company's Philippine subsidiary, MRL Gold Phils., Inc., to purchase 1,225,000 common shares at an exercise price of $0.96 per share for a five year term. Options have also been granted to Ascenta Capital Partners Inc. to purchase 100,000 common shares at an exercise price of $0.96 per share for a two year term and vesting in accordance with TSX Venture Exchange guidelines. All grants are subject to regulatory approval.
Mindoro is a Tier 1 Company trading on the TSX Venture Exchange (TSXV: MIO) and the Frankfurt Stock Exchange (OLM). The company is exploring for gold and gold-copper in the prolifically mineralized magmatic arcs of the Asia-Pacific Region. Mindoro has been active in the Philippines since 1996 and is presently focused on six promising projects in politically stable jurisdictions of the country.
For further information, contact:
Penny Gould, Executive Vice President
Marshall Farris, Ascenta Capital Partners Inc.
Toll Free: 1.866.684.4209
You can view the Next Press Releases item: Tue Nov 8, 2005, Drilling Commences At Agata; New Porphyry Copper-Gold Prospect Discovered On Surigao Projects
You can view the Previous Press Releases item: Wed Nov 2, 2005, Strong Porphyry-Related Mineralization Located in Outcrop
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