Torch River Resources Ltd.: News Release
08 Février 2012 - 1:30PM
Marketwired Canada
Torch River Resources Ltd. ("Torch" or the "Corporation") (TSX VENTURE:TCR)
(FRANKFURT:WNF) (PINKSHEETS:TORVF) announces today that the Board of Directors
granted an aggregate of 985,000 stock options to purchase common shares pursuant
to its stock option plan to a total of 6 officers, directors and contractors of
Torch effective February 7, 2012. All of the stock options vest immediately and
were granted at an exercise price of $0.10 per common share. Of the 985,000
stock options granted, an aggregate of 785,000 stock options were granted to the
four directors (including 1 director who is also an officer) and 180,000 stock
options were granted to 1 officer of Torch (who is not a director). The stock
options expire on February 07, 2017.
Torch is a company listed and trading on the TSX Venture Exchange, symbol: TCR.
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