21st Jul 2006 15:38
Medoro Resources Grants Stock Options TORONTO, July 21 /CNW/ - Medoro Resources Ltd. (TSX-V:MRS/AIM:MRL)announced today that it has granted a total of 3,825,000 stock options to itsdirectors, officers and employees at an exercise price of C$0.51. Of theoptions that were granted to the company's directors, 820,000 were granted toeach of Jose Francisco Arata, Miguel de la Campa and Serafino Iacono, and150,000 to each of Giuseppe Pozzo, Michael Beckett and Neil Woodyer. Alloptions granted cannot be traded prior to November 20, 2006 and areexercisable until July 19, 2011. Medoro Resources is a gold exploration and development company focused onacquiring properties of merit for potential joint ventures with seniorproducers. The company has acquired a 100% interest in the Lo Increible 4A and4B concessions in Venezuela. Further information is available on our websiteat www.medororesources.com. THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASEFor further information: Robert Doyle, Executive Vice President, (416)603-4653, rdoyle(at)medororesources.com(MRS. MRL)ENDMEDORO RESOURCES LTDRelated Shares:
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