TORONTO, Feb. 6 /CNW Telbec/ - Roxmark Mines Limited (TSXV - RMK) wishes to announce that it has come to its attention that the number of options reported to have been granted in its news release dated November 13, 2008 is incorrect. Roxmark then announced that an aggregate of 1,600,000 options had been granted to certain members of management and employees. In fact only 300,000 options were granted to employees and no options were granted to members of management at that time. As disclosed in the November 13 news release, each of the 300,000 options are exercisable during a five-year period (expiring on November 7, 2013) at a price of $0.10 per common share (being above the then current market price of $0.07).
In addition, an aggregate of 1,100,000 options were granted to certain Senior Officers and to a member of Board of Directors on January 8, 2009. Each of the 1,100,000 options are exercisable during a five-year period (expiring on January 8, 2014) at a price of $0.10 per common share (priced above the then current market price of $0.075).
The aggregate number of options granted on November 13, 2008 and January 8, 2009 is less than reported in the November 13 news release and all such options were granted on the same terms as disclosed in the November 13 news release.
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
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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.