MONTEVIDEO, URUGUAY, October 12 /CNW/ - Uruguay Mineral Exploration Inc. ("UME") (TSX VENTURE:UME) (LSE:UGY) announces that it has granted an aggregate of 104,000 stock options exercisable at a price of CDN$ 3.15 per Common Share on or before October 9, 2012.
Roger Davey, Non-Executive Director of UME was granted 50,000 stock options, while the balance, equivalent to 54,000 stock options, was granted to UME employees.
All of these options were granted on October 10, 2007 and vest in three equal parts on October 9, 2008, October 9, 2009 and October 9, 2010.
ENDS
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Editors' note: Uruguay Mineral Exploration Inc. is a gold producer and exploration company focused on identifying and developing mineral opportunities in Uruguay. UME is a fully integrated mining company, possessing the skills necessary to explore and develop its discoveries. The Company operates the only producing gold mine in Uruguay (San Gregorio), and is also the leading mineral exploration company in Uruguay having assembled an exploration portfolio based on gold, base metals (copper, nickel, lead, zinc) and diamond prospects.
Uruguay Mineral Exploration Inc. is quoted in Canada (TSXV) and London (AIM) and RBC Capital Markets is its Nominated Adviser and Broker.