CALGARY, Jan. 25 /CNW/ - (TSX Venture: CBA), Champion Bear Resources Ltd. ("Champion Bear") announced today that it has granted options to acquire 118,000 common shares of Champion Bear to the Chairman and President of the company at an exercise price of $0.41 per share until January 24, 2013. The options vest as to one-third thereof on each of the dates that are six, 12 and 18 months from the date of the grant.
Champion Bear is a mineral exploration company focused exclusively on the historically prospective regions of Ontario. The Company's primary target is platinum group and precious metals and to a lesser extent polymetallic base metal and pegmatite-hosted tantalum deposits. Champion Bear's aim is to create shareholder value through selective property acquisition and joint venture followed by focused exploration emphasizing drilling. The Company has assembled a large land position in the Dryden and Sudbury areas, totaling over 16,000 hectares.
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responsibility for the adequacy or accuracy of this release.