Pele Mountain Announces Option Grant
14 Avril 2014 - 11:00PM
Marketwired
Pele Mountain Announces Option Grant
TORONTO, ONTARIO--(Marketwired - Apr 14, 2014) - Pele Mountain
Resources Inc. (TSX-VENTURE:GEM) (OTCQX:GOLDF) ("Pele" or the
"Company") announced that it has granted 250,000 incentive stock
options to one individual director. The options are exercisable at
$0.10 per share and expire on December 31, 2018.
The exercise price of the options granted is above the closing
price of Pele's common shares on the TSX Venture Exchange on the
date immediately preceding the date of grant. All options granted
and any common shares issued upon their due exercise will be
subject to a statutory four-month hold. The granting of these
options are subject to regulatory acceptance of applicable
filings.
About Pele
Pele is focused on the sustainable development of its
100-percent owned Eco Ridge Mine project, located in Elliot Lake,
Ontario, the only Canadian mining camp to ever achieve commercial
rare earth production. With well-understood geology and mineralogy,
excellent regional infrastructure, and strong local support, Eco
Ridge is an ideal location for the development of a safe, secure,
and reliable supply of critical rare earths and uranium. Pele also
owns strategic mining claims containing high grade rare earth
mineralization at Mountain Pass, California, just 1800 metres from
Molycorp's open pit mine. Pele's shares are listed on the TSX
Venture Exchange under the symbol "GEM" and on the OTCQX under the
symbol "GOLDF".
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.
Common Shares Outstanding: 165,529,198
Pele Mountain Resources Inc.Al ShefskyPresident(800)
315-7353www.pelemountain.com
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