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Corporate Items Montreal, Quebec CANADA, June 28, 2013 /FSC/ - GeoMegA Resources Inc. &...
About this update from Geomega Resources Inc.
[{"type":"text","content":"Corporate ItemsCorporate Items\nMontreal, Quebec CANADA, June 28, 2013 /FSC/ - GeoMegA Resources Inc.  (GMA - TSX Venture),(\"GeoMegA\" or the \"Company\") announces the grant of 225,000 share purchase options as per its plan and the extension of the exercise period of 1,952,273 warrants by an additional 12 months.\nOptions grant\nFurther to the recent appointment of M. Denis Hamel as director, the Company grants 225,000 share purchase options at the exercise price of $0.15. These options may be exercised for a period of 5 years after the grant date and they vest gradually over a period of 24 months from the day of grant, at a rate of 1/4 per six-month period, in accordance with the terms of the stock option plan of the Company.\nExtension of warrants \nSubject to the TSX Venture Exchange approval, the Company extends the term of a total of 1,952,273 warrants expiring on September 30, 2013 by 12 months. The warrants were issued with an original term of 18 months in connection with the closing of two private placement financings as announced by the Company on March 30, 2012 and April 10, 2012. All other terms of the warrants remain the same. \nGeoMegA currently has 34,990,113 common shares issued and outstanding.\nAbout GeoMegA (ressourcesgeomega.ca)\nGeoMegA, which owns 100% of the Montviel Rare Earths/Niobium project located in Quebec, is a mineral exploration and development company focused on the discovery and sustainable development of economic deposits of minor metals, such as Rare Earth Elements, Niobium and Graphite, in Quebec. GeoMegA is committed to meeting Canadian mining industry standards and distinguishing itself with its innovative engineering, stakeholders engagement and its dedication to local transformation benefits.\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\nFor further information please contact:\nSimon Britt\nPresident and CEO\t\nGeoMegA\n450-465-0099\[email protected]\nTo view the press release as a PDF file, please click on the following link:\nhttp://www.usetdas.com/pr/geomegaEn06282013.pdf\nSource: GeoMegA Resources Inc. (TSX:V - GMA) http://www.ressourcesgeomega.ca/\nMaximum News Dissemination by FSCwire. http://www.fscwire.com\...