Alhambra Resources Ltd. (TSX VENTURE:ALH - News;
"Alhambra" or the "Corporation") announces that the
Corporation has granted stock options to purchase up to and including
3,050,000 common shares of the Corporation to directors, officers, employees
and consultants.
Such stock options shall have an
exercise price of $1.05 per common share, shall have a term of five years
from the date of grant, and shall vest as to twenty-five percent (25%)
immediately and thereafter as to twenty-five percent (25%) on dates which are
six (6) months, twelve (12) months and eighteen (18) months from the date of
grant.
The granting of these stock options is
subject to the approval of the TSX Venture Exchange and is subject to a four
(4) month hold period.
Post the granting of these stock
options, combined with the January 21, 2010 expiry of 1,725,000 previous
stock options, the Corporation will have 9,056,250 stock options outstanding.
ABOUT ALHAMBRA
Alhambra is a Canadian based
international exploration and gold production corporation celebrating its
eighth year of operations in the Republic of Kazakhstan. Alhambra holds
exploration and exploitation rights to a 2.7 million acre (11,000 km(2)), 100% owned, license called the Uzboy
Project, located in the Northern Kazakhstan Metallogenic
Province which hosts numerous world-class gold deposits. Over 100 mineral
targets, including 5 advanced exploration plays are contained within the Uzboy Project.
Alhambra common shares trade in Canada
on The TSX Venture Exchange under the symbol ALH, in the United States on the
Over-The-Counter Pink Sheets Market under the symbol AHBRF and in Germany on
the Frankfurt Open Market under the symbol A4Y. The Corporation's website can
be accessed at www.alhambraresources.com.
Neither the TSX Venture Exchange Inc.
nor its Regulation Services Provider (as that term is defined in the Policies
of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or
accuracy of this release
|