Morien Resources Corp. Announces Option Grants
December 3, 2012 – Halifax, Nova Scotia – Morien Resources Corp. (the “Corporation” or “Morien”) (TSXV:MOX) announces the grant of a total of 2.5 million options to an aggregate of 12 individuals, being directors, officers and individuals providing services to Morien pursuant to a Services Agreement with Erdene Resource Development Corp.
Each option is exercisable for one common share of the Corporation until November 30, 2017 at an exercise price of $0.27. All of the options vest immediately with the exception of approximately 850,688 options, which will vest in three equal amounts at three month intervals beginning on March 3, 2013.
Morien is a Canadian company engaged in resource development and its principal asset is a 25% interest in the Donkin Coal Project in Nova Scotia. Morien has 4,901,976 options outstanding and 49,256,240 issued and outstanding common shares. Further information is available at www.MorienRes.com.
This news release may contain forward looking statements based on assumptions and judgments from management regarding future events or results that may prove to be inaccurate as a result of exploration, development and other risk factors.
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact:
John P.A. Budreski, President and CEO
Phone: (416) 930-0914
Dawson Brisco, Manager Corporate Development
Phone: (902) 466-7255