"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 1, 2007) - Nelson W. Baker, President and CEO of Rainy River Resources Ltd. (TSX VENTURE:RR - News) announces a correction to yesterday's news release which stated that the Company has granted a total of 510,000 stock options to directors, officers, employees and consultants in accordance with the Company's stock option plan. Each option is exercisable into one common share of the Company for a period of two years at the price of $5.25, rather than $4.25 as was stated in yesterday's release. Any shares acquired upon exercise during the first 4 months of the term of the options will be subject to a hold period expiring on March 1, 2008."
Now it makes sense: latest Placement was at 5.2 CAD.
Infrastructure is there, grades are fine: this one will move from now on.
No comments:
Post a Comment