Business
Tsodilo Resources Limited, Grant of Stock Options
Tsodilo Resources Limited, Grant of Stock Options
About this update from Tsodilo Resources Limited
[{"type":"text","content":"Tsodilo Resources Limited, Grant of Stock Options\n\n\n\nTsodilo Resources Limited, Grant of Stock Options\n\nToronto, Ontario CANADA, January 02, 2009 /FSC/ - Tsodilo Resources Limited (TSD - TSX Venture), (\"Tsodilo\")reports that in terms of the Stock Option Plan of the Company and a policy adopted by the board of directors in September 2002, 225,000 stock options were granted to officers and senior employees on January 2, 2009 at CDN $0.70 per common share. These options are valid for five years and vest in four equal installments on January 2, 2009, July 2, 2009, January 2, 2010 and July 2, 2010.\n\nTsodilo Resources Limited is an international diamond exploration company engaged in the search for economic kimberlites at its Newdico (Pty) Limited (\"Newdico') and Gcwihaba Resources (Pty) Limited (\"Gcwihaba\") projects in northwest Botswana. The Republic of Botswana is the leading producer of diamonds, by value, in the world and its mines are amongst the most profitable. The country is democratically ruled, boasting a growing economy and a stable political environment. Tsodilo has a 94% stake in Newdico (9,400 sq. km under diamond license) and a 100% ownership interest of the Gcwihaba project area (6,703 sq. km under diamond license and 9,400 sq. km under base and precious metals licenses). Tsodilo Resources Limited manages the exploration of both the Newdico and Gcwihaba license areas. Please visit the Company's website, www.TsodiloResources.com, for additional information and background on our projects.\n \nThe TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company's control, which may cause actual results or performance to differ materially from those currently anticipated in such statements. \n\n\nFOR FURTHER INFORMATION PLEASE CONTACT:\n\nJames M. Bruchs - President and Chief Executive Officer\nE-Mail: [email protected]\nHead Office: Telephone +1 416 572 - 2033 \n Facsimile + 1 416 987 - 4369\n\n\n\...