Toronto, Canada. November 23, 2011 - (TSXV:GMN) GobiMin Inc. ("GobiMin" or the "Company") announces the recent granting of incentive stock options under the Company's Stock Option Plan to its five directors, a consultant and employees of the Company, its subsidiaries and associates subject to regulatory approval and 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 500,000, 450,000, 125,000, 125,000, 100,000 common shares of GobiMin at CAD0.6 per share respectively. All vested options shall expire on November 22, 2014.
In addition, options to acquire 100,000 common shares of the Company are granted to a consultant at an exercise price of CAD0.6 per share. All vested options shall expire on November 22, 2012.
Options to acquire 169,000 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 CAD0.6 per share. All vested options shall expire on November 22, 2016.
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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