Business
Alliance Mining Corp. Announces Cancellation of Stock Options
(via Thenewswire.ca)
About this update from Alliance Mining Corp.
[{"type":"text","content":"Alliance Mining Corp. Announces Cancellation of Stock Options\n\n(via Thenewswire.ca)\n(Kamloops, BC: October 28, 2008) Alliance Mining Corp. (the \"Company\" or \"Alliance\" ALM-CNQ) is pleased to announce that stock options totaling 400,000 shares that were issued on September 18, 2007 have been canceled by the option holder. The exercise price of the stock options were $0.15 per optioned share and were to expire on September 18, 2012.\n\nThe Option holder believes it to be in his best interests as a director, officer and shareholder of the Corporation to cancel the Option so that those options granted to the Option holder may be granted to individuals as incentives to join the Board of Directors of the Corporation, whose expertise may increase the value of the Company.\n\nAbout Alliance:\n\nAlliance's strategy is to concentrate on historical mining districts hosting dozens to hundreds of smaller mineralized zones that can quickly be delineated into resources while targeting higher-grade zones for mining using state of the art technologies that are not only cost effective but environmentally safe. Alliance is presently focused on properties in Arizona and Nevada. To learn more about Alliance visit www.alliancemining.com.\n\nShould you wish to receive Company News, please email [email protected] and specify \"Alliance Mining News\" in the subject line.\n\nON BEHALF OF THE BOARD\n\n\"Jan C. Ross\"\n\nMr. Jan C. Ross, President and CEO\n\nFOR FURTHER INFORMATION PLEASE CONTACT:\n\nAlliance Mining Corp.\n\nJan C. Ross, President and CEO\n\n(250) 319-4793\n\nThe CNQ has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.\n\nCertain of the statements made and information contained herein is \"forward-looking information\" within the meaning of the Ontario Securities Act. This includes statements concerning the Company's plans at its mineral properties, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ...