|  |  | 
|
 |   Fri Dec 15, 2006
Grant Of Stock Options
|
| | Vancouver, B.C., December 15, 2006 -- Mediterranean Resources Ltd. (TSX-V: MNR) (the "Company") advises that it has granted an aggregate of 2,580,000 incentive stock options to its directors, officers, and employees, exercisable at $0.30 per share for a period of five years (vesting as to 25% upon grant, and the balance in three equal instalments over the first 12 months). This will bring the total number of options outstanding to 3,920,000 (representing just under 10% of the Company's issued and outstanding common shares pursuant to the Company's stock option plan).
Mediterranean Resources is focused on an emerging mineral region in north-eastern Turkey, where it is developing two advanced exploration stage gold properties, Tac and Corak, that are held under option from Teck Cominco Limited's Turkish subsidiary (TCAM) in which the Company is set to acquire 100% ownership as announced December 12, 2006.
For further information, please contact:
Peter J. Guest
President & CEO
604-669-3397
www.medresources.ca
Andreas Curkovic
The Equicom Group
416-815-0700 x 262 or
1-800-385-5451 x 262
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. |
| |
| You can return to the Top of this page
|
|
|
