Toronto, Canada. July 12, 2010- GobiMin Inc. (the "Company" or "GobiMin") announces the recent granting of incentive stock options under the Company's Stock Option Plan to its five directors and other members of the staff and management of the Company, its subsidiaries and associates subject to regulatory approval and to the provisions of the Company's Stock Options Plan.
Five directors of GobiMin, namely Messrs. Felipe Tan, Zhang Ming, Dominic Cheng, Hubert Marleau and Qiao Fugui, are granted stock options to purchase up to 400,000, 250,000, 125,000, 125,000, 100,000 common shares of GobiMin at an exercise price of CAD0.79 per share respectively, exercisable until July 6, 2013.
Options to acquire 309,000 common shares of the Company are also granted to the staff and management of the Company, its subsidiaries and associates at an exercise price of CAD0.79 per share, exercisable until July 6, 2015.
For further information, please contact:
Felipe Tan, Chief Executive Officer
Tel: (852) 3586-6500
"Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release."
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