ALDERON ANNOUNCING GRANT OF STOCK OPTIONS
29 Décembre 2010 - 11:23PM
PR Newswire (Canada)
TORONTO, Dec. 29 /CNW/ -- /NOT FOR DISSEMINATION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION TO THE UNITED STATES/ (TSX.V: ADV)
(OTCQX: ALDFF) TORONTO, Dec. 29 /CNW/ - Alderon Resource Corp.
(TSX.V: ADV) (OTCQX: ALDFF) ("Alderon") wishes to retract its press
release dated December 22, 2010 announcing the grant of incentive
stock options and such stock options will not be issued.
Alderon also wishes to announce that effective today, Alderon has
approved the grant of incentive stock options to purchase a total
of 1,175,000 common shares of Alderon at an exercise price of $3.00
per share to certain executive officers, directors, employees and
consultants of Alderon. The options vest in equal quarterly
instalments over a period of 24 months and have a term of five
years. About Alderon Resource Corp. Alderon is a leading iron ore
exploration and development company in Canada. The Kami Project is
located within an existing iron ore district and is surrounded by
producing iron ore mines. The Alderon team is comprised of skilled
professionals with significant iron ore expertise to advance Kami
towards production. For more information on Alderon, please visit
our website at www.alderonmining.com ALDERON RESOURCE CORP. On
behalf of the Board "Mark J Morabito" President & CEO
Information set forth in this news release may involve
forward-looking statements under applicable securities laws.
Forward-looking statements are statements that relate to future,
not past, events. In this context, forward-looking statements often
address expected future business and financial performance, and
often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or
event "may", "might", "could", "should", or "will" be taken or
occur, or other similar expressions. By their nature,
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause our actual results,
performance or achievements, or other future events, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors include, among others, the following
risks: the risks associated with outstanding litigation, if any;
risks associated with project development; the need for additional
financing; operational risks associated with mining and mineral
processing; fluctuations in commodity prices; title matters;
environmental liability claims and insurance; reliance on key
personnel; the potential for conflicts of interest among certain
officers, directors or promoters with certain other projects; the
absence of dividends; competition; dilution; the volatility of our
common share price and volume; and tax consequences to U.S.
shareholders. Forward-looking statements are made based on
management's beliefs, estimates and opinions on the date that
statements are made and the Company undertakes no obligation to
update forward-looking statements if these beliefs, estimates and
opinions or other circumstances should change, except as required
by applicable law. Investors are cautioned against attributing
undue certainty to forward-looking statements. Neither 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. To
view this news release in HTML formatting, please use the following
URL:
http://www.newswire.ca/en/releases/archive/December2010/29/c8060.html
table border="0" valign="top"trtd align="left"
valign="top"bVancouver Office /bbr/ T: 604-681-8030 br/
F: 604-681-8039 br/ E: a
href="mailto:info@alderonmining.com"info@alderonmining.com/abr/ a
href="http://www.alderonmining.com"www.alderonmining.com/a/td td
align="left" valign="top"bToronto Office/bbr/ T: 416-800-1058br/ F:
416-861-5887br//td/tr/table
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