News - Tuesday, March 11, 2008
Logan Resources Ltd. Grants Stock Options
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Vancouver -- March 11, 2008 -- Logan Resources Ltd. (TSXV:LGR) today
announced that it has granted 1,000,000 stock options to certain
directors, employees, and consultants of the Company under its
incentive stock option plan. The options are exercisable at $0.25 per
share for a period of two years, and are subject to a four-month hold
period. Of the 1,000,000 stock options, 200,000 are subject to a
vesting schedule. Twenty-five percent of those 200,000 stock options
shall vest on dates that are three, six, nine and twelve months
following the date of grant.
Logan Resources Ltd. is a mineral exploration company that specializes
in acquiring, exploring and advancing Canadian mineral properties. For
more information on the projects and the Company, please visit
www.loganresources.ca, www.sedar.com and www.sec.gov websites.
For further information please contact:
Seamus Young, President and CEO, 604-689-0299 x 223
Judith Mazvihwa, Chief Financial Officer, 604-689-0299 x224
Statements contained in this news release that are not historical facts
are forward-looking statements, which are subject to a number of known
and unknown risks, uncertainness and other factors that may cause the
actual results to differ materially from those anticipated in our
forward looking statements. Although we believe that the expectations
in our forward looking statements are reasonable, actual results may
vary, and we cannot guarantee future results, levels of activity,
performance or achievements.
The TSX Venture Exchange has neither approved nor disapproved the
information contained herein.
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Copyright (c) 2008 LOGAN RESOURCES LTD. (LGR) All rights reserved.
For more information visit our website at http://www.loganresources.ca/
or send mailto:info@loganresources.ca
Message sent on Tue Mar 11, 2008 at 1:17:18 PM Pacific Time
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