Channel Resources Announces Changes to Board of Directors
Channel Resources Ltd. (TSX VENTURE:CHU) announced the appointment of Mr. David Kong as a director of the Company, effective July 1, 2010.
Channel Resources Ltd. (TSX VENTURE:CHU) announced the appointment of Mr. David Kong as a director of the Company, effective July 1, 2010.
The press release is quoted as saying:
Channel also announces that it has approved the grant of stock options (“Options”) effective July 1, 2010 for the purchase of up to a total of 360,000 common shares of the Company at an exercise price of $0.10 per share. The Options have a term of five years, are subject to vesting provisions, and are governed by the Company’s Stock Option Plan, pursuant to which Options may be granted up to a maximum of 10% of the issued and outstanding common shares of the Company from time to time.