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Metanor Resources Inc.: Granted of Stock Options in Favour of Directors, Employees and Management VAL-D'OR, QUEBEC--(MARKET WIRE)--Feb 14, 2008 -- Metanor Resources Inc. (CDNX:MTO.V - News) ("Metanor") annonced
that, by resolutions of its Board of Directors, it adopted
on January 11, 24 and 30 and also on February 4, 2008, stock
options were granted in favour of directors, management
and employees, as follows : - On January 11, 2008, options regarding a total of 60,000 reserved common shares were granted at the exercise price of $0.82 in favour of 3 employees; - On January 24 and 30, 2008, options regarding 24,000 and 25,000 reserved common shares were granted respectively at the exercise price of $0.80 and $0.85 in favour of 2 employees; - On February 4, 2008, options regarding a total of 2,145,000 reserved common shares were granted in favour of management members (4), directors (4) and employees (2) at the exercise price of $1.00. All the stock options granted will have duration of 10 years, as permitted in the Metanor's Stock Option Plan and will be vested over a 12 months period, for 25 % of the number of reserved common shares aimed during the next quarters. An option granted and regarding 30,000 reserved shares, in favour of a director and arriving at its expiration date on March 30, 2008, was extended until February 28, 2009. 66,781,443 outstanding shares
Contact: Contacts:
Metanor Resources Inc.
Serge Roy
Chairman and CEO
819-825-8678 or Cell.: 819-856-8435
info@metanor.ca
http://www.metanor.ca
Source: METANOR RESOURCES INC.
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