Business
Solana Resources Limited ("Solana" or the "Company") - Grant of Stock Options
CALGARY and LONDON, Dec. 13 /CNW/ - Solana Resources Limited (TSX-V: SOR; AIM: SORL) is pleased t...
About this update from Kutcho Copper Corp
[{"type":"text","content":"\n\n\n\nCALGARY and LONDON, Dec. 13 /CNW/ - Solana Resources Limited (TSX-V: SOR;\nAIM: SORL) is pleased to announce that it has granted stock options to\npurchase 1,665,000 common shares to various Directors, Officers, employees or\nconsultants of Solana or its wholly owned subsidiary, Solana Colombia\nPetroleum Exploration (Colombia) Limited. Seven Directors of Solana received\nan aggregate of 400,000 of the 1,665,000 options which were granted. Details\nof options granted to Directors are:\n\n\n -------------------------------------\n Name Number of Options\n -------------------------------------\n Ray Antony 50,000\n -------------------------------------\n Stan Grad 50,000\n -------------------------------------\n Grant Howard 50,000\n -------------------------------------\n Roy Hudson 50,000\n -------------------------------------\n Keith Jackson 50,000\n -------------------------------------\n Joaquin Moreno 50,000\n -------------------------------------\n Scott Price 100,000\n -------------------------------------\n\n\nThe options were granted with an exercise price of $2.25 per share, being\nthe closing price of the Company's shares on the TSX Venture Exchange on\nDecember 12, 2007. All options expire on December 12, 2012. The options shall\nvest as to one-third on the first anniversary, one-third on the second\nanniversary and the remaining one-third on the third anniversary. The stock\noption grant is subject to regulatory approval. The Company has determined\nthat exemptions from the various requirements of TSX Venture Exchange Policy\n5.9 are available for the grant of these options. These arrangements have been\napproved by Solana's Board of Directors as being in the best interests of the\nCompany and its shareholders, reflecting the need to attract, retain and\nincentivize top quality directors, officers, employees and consultants in\npresent market circumstances.\n\n\nSolana Resources Limited\n\n\nSolana (www.solanaresources.com) is an international resource company\nengaged in the acquisition, exploration, development and production of oil and\nnatural gas. The Company's properties are located in Colombia, South America\nand are held through its wholly owned subsidiary, Solana Petroleum Exploration\n(Colombia) Limited. The Company is headquartered in Calgary, Alberta, Canada.\n\n\nNO REGULATORY AUTHORITY HAS APPR...