TORONTO, May 18 /CNW/ - Roxmark Mines Limited (TSXV - RMK) today announced that it has granted an aggregate of 300,000 incentive stock options to a director of the Company. The options are issued in accordance with the Company's Option Plan and exercisable into common shares at a price of $0.23 per share and expire on May 17, 2012.
About Roxmark Mines
Roxmark Mines Limited is the leader in gold and molybdenum exploration and development in the historically significant Geraldton-Beardmore area of Northwest Ontario. In the last two years, Roxmark has generated cash flow from bulk-sampled gold and molybdenum processed at its mill and has the advantage of infrastructure from six formerly highly productive gold mines located on its properties. These mines previously produced nearly two million oz. of gold from high grade ore but were closed primarily due to dramatically lower gold prices at the time and to boundary issues since eliminated.
Further information is available on the Company's website at www.roxmark.com and on SEDAR under the Company's profile at www.sedar.com.
Forward-Looking Statements
This news release includes certain "forward-looking statements". Such forward-looking statements involve risks and uncertainties. The results or events predicted in these forward-looking statements may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
On behalf of the board of directors.
Monir Younan, President
Roxmark Mines Limited
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