TORONTO, Nov. 13 /CNW Telbec/ - Roxmark Mines Limited (TSXV - RMK) announced today that it has granted options to purchase a total of 1,600,000 common shares of Roxmark to certain members of its management and employee team in accordance with its stock option plan.
The options are exercisable at a price of $0.10 which is above the current share price of $0.07. The grant is for five years expiring on November 7, 2013.
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 several years, Roxmark has generated cash flow from bulk-sampled gold and molybdenum processed at its fully-permitted 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 ounces 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
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