FERNDALE, WA: Tamerlane Ventures Inc. (TAM: TSX-V) announces today that it has granted, subject to the approval of the TSX Venture Exchange, 650,000 stock options, of which 430,000 stock options have been granted to directors and officers of Tamerlane. The stock options are exercisable into common shares of Tamerlane at an exercise price of $0.30 per share for a period of five years. Yesterday, Tamerlane’s common shares closed at $0.28 on the TSX Venture Exchange.
Tamerlane has 13,578,662 common shares issued and outstanding. Under the terms of the Company’s “rolling” Incentive Stock Option Plan there are 1,357,866 shares reserved for option. A further 112,866 stock options may be granted at this time.
On behalf of the Board of Directors,
“Ross F. Burns”
President & CEO
For further information, please contact:
Vice President, Investor Relations
Phone: (360) 312-9910
Fax: (360) 312-8549
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release.