MONTEVIDEO, URUGUAY, November 15 /CNW/ - Uruguay Mineral Exploration Inc. ("UME") (TSX VENTURE:UME) (LSE:UGY) announces that it has granted an aggregate of 720,000 stock options to Directors, Officers and employees, exercisable at a price of CDN$ 3.30 per Common Share on or before November 13, 2012.
UME employees were granted a total of 250,000 stock options and the balance, equivalent to 470,000 stock options, was granted to the following Director and Officers:
David Fowler 200,000 options George Schroer 150,000 options John Sadek 120,000 options
All of these options were granted on November 14, 2007 and vest in three equal parts on November 13, 2008, November 13, 2009 and November 13, 2010.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Editors' note: Uruguay Mineral Exploration Inc. is a gold producer and exploration company focused on identifying and developing mineral opportunities in Uruguay. UME is a fully integrated mining company, possessing the skills necessary to explore and develop its discoveries. The Company operates the only producing gold mine in Uruguay (San Gregorio), and is also the leading mineral exploration company in Uruguay having assembled an exploration portfolio based on gold, base metals (copper, nickel, lead, zinc) and diamond prospects.
Uruguay Mineral Exploration Inc. is quoted in Canada (TSXV) and London (AIM) and RBC Capital Markets is its Nominated Adviser and Broker.