Blaine , WA: Tamerlane Ventures Inc. (TAM: TSX-V) announces today that it has granted, subject to the approval of the TSX Venture Exchange, 400,000 stock options to directors and an officer of Tamerlane. The stock options are exercisable into common shares of Tamerlane at an exercise price of $1.52 per share for a period of five years. Yesterday, Tamerlane’s common shares closed at $1.52 on the TSX Venture Exchange.
Tamerlane has 38,261,824 common shares issued and outstanding. Under the terms of the Company’s “rolling” Incentive Stock Option Plan there are 3,826,182 shares reserved for option. A further 1,685,182 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:
Brent Jones, Manager of Investor Relations
Phone: (360) 332-4653
Fax: (360) 332-4652
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release.