CALGARY, Dec. 28 /CNW/ - General Properties Ltd. (TSX Venture Exchange: GPL) (the "Corporation") announces the grant of stock options to acquire an aggregate of 875,000 common shares of the Corporation at an exercise price of $0.25 per share, such options to expire five years from the date of grant. Directors and officers of the Corporation were issued options to purchase that number of common shares of the Corporation as set forth opposite their name as follows:
Director/Officer Number of Common Shares
---------------- -----------------------
Robert Knight 225,000
Leslie Cahan 225,000
Peter Holmes 225,000
Robert Peterson 50,000
Morley Katz 50,000
John Holmes 50,000
Art Smith 50,000
The Corporation is a mining exploration and development company with holdings in Northern Alberta, Canada. Information about the Corporation can be found at www.sedar.com.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this press release and has neither approved nor
disapproved the contents of this press release.