Business
AFFERRO MINING INC. TO REVOKE AND RE-ISSUE EMPLOYEE INCENTIVE OPTIONS
Jun. 30, 2011 (Canada NewsWire Group) -- /NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DI...
About this update from Affinity Metals Corp
[{"type":"text","content":"\n\n\n Jun. 30, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n/NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US\n NEWS WIRE SERVICES./\n\n\nTSX-V: AFF\nAIM: AFF\n\n\nLONDON, UK, June 30, 2011 /CNW/ - Afferro Mining Inc. ("Afferro" or the\n "Company"), the TSX-V / AIM listed exploration and development company\n with iron ore projects in Cameroon and Liberia, announces that certain\n of its UK tax resident employees have surrendered a certain number of\n their stock options granted under the Company's Share Option Plan and\n have been issued the same number of new stock options (the "EMI\n Options") for nil consideration. The EMI options have been awarded\n under the Enterprise Management Incentive Plan (the "EMI Plan")\n recently adopted by the Company and will have the same exercise price\n and the same expiry date as the original share options. The issue of\n options under the EMI Plan will allow employees to benefit from UK tax\n concessions.\n\n\nLuis da Silva is the only Director affected by the award under the EMI\n Plan; his interests in the Company, existing stock options and new\n stock options are as follows:\n\n\n\n\nDirector\n\n\nTotal options held\n\n\nOptions surrendered\n\n\nEMI Options granted (C$0.48)\n\n\nCommon Shares held\n\n\nPercentage  of issued share capital\n\n\n\n\nLuis da Silva\n\n\n1,157,500\n\n\n155,038\n\n\n155,038\n\n\n74,826\n\n\n0.09\n\n\n\n\nAbout Afferro Mining Inc.\n...