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| Win-Eldrich Retains Investor Relations Consultant and Grants Stock Options
TORONTO, March 13 /CNW/ - Win-Eldrich Mines Limited (TSXV - WEX) announces that it has entered into an agreement with Investor Voices LLC ("Ivoices") for it to provide certain investor relations services to Win-Eldrich including assistance in the preparation and dissemination of investor information. Pursuant to this agreement, Win-Eldrich has granted stock options to purchase 25,000 common shares. The stock options are exercisable at a price of $1.49 per share until March 31, 2009, vest in equal quarterly installments and are otherwise subject to the terms of the Company's stock option plan. The closing price of the Company's common shares on the TSX Venture Exchange ("TSXV") on March 12, 2007 was $1.49. Subject to the Company's shareholders approving an amendment to the Company's stock option plan to increase the number of common shares of the Company reserved for issuance thereunder, the Company intends to grant Ivoices an additional option to purchase 50,000 common shares at an exercise price equal to the closing market price of the Company's common shares on the TSXV on the day prior to grant and otherwise in accordance with the rules of the TSXV and the terms of the Company's stock option plan. The Company currently has 12,442,012 common shares outstanding and including the 25,000 stock options grant described above, it has options outstanding to purchase a total of 765,000 shares. THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. For further information: Perry Muller, President and a Director of Win-Eldrich, at (402) 753-9134 |
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