Business
Medallion Grants Options
Medallion Grants Options
About this update from Gamma Resources Ltd.
[{"type":"text","content":"\nMedallion Grants Options\n\n\n Sep. 13, 2010 (TheNewswire.ca) -- Medallion Resources Ltd. (MDL: TSX.V) today announced that it has, pursuant to its stock option plan, approved a grant of stock options to directors, officers, consultants and advisors to purchase an aggregate of 1,245,000 common shares of the company at an exercise price of $.265 per common share. The stock options expire five years from the date of grant.Medallion Resources Ltd (TSX-V: MDL) is exploring low-production-cost, large-tonnage \"heavy\" rare-earth-element (REE) deposits with a clear metallurgical path and cost-effective infrastructure. REE's are key components required by many new energy-saving technologies including wind turbines, electric and hybrid vehicles, super magnets and all modern electronics.Medallion is headed by REE veteran Dr Bill Bird with support from an expert technical team that can meet the challenges of evaluating and cost-effectively exploring the best REE projects. Medallion is exploring the Eden Lake REE property in western Manitoba, under an option agreement with Rare Element Resources (NYSE:REE) (TSXV:RES) (TSX-V: RES, NYSE AMEX: REE) to earn a 65% interest. Eden Lake is a recent discovery with potential for high neodymium values and significant heavy REE by-products. The Company also explores over 42 square kilometres of the Red Wine peralkaline intrusion in southern Labrador under an agreement to option six mineral licenses. The Red Wine intrusion is known to contain elevated values of the \"heavy\" REE's.ON BEHALF OF THE BOARD OF DIRECTORS\"William H Bird\", PhD, PGeoPresident & CEOFor further information visit www.medallionresources.com or contact:William H Bird PhD PGeo (604) 681-9558 [email protected] C Bearss MBA (604) 681-9558 [email protected] Management, which takes full responsibility for content, prepared this news release. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Company's future exploration and financing plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking st...