Gossan Awards Incentive Stock Options

- August 17th, 2010

Gossan Resources Limited (CVE:GSS) reported that it has awarded 640,000 incentive stock options exercisable at $0.15 per common share to officers, directors and consultants of the Company. This grant of options is in compliance with the terms of the Company’s Stock Option Plan and remains subject to the acceptance of the TSX Venture Exchange.

Gossan Resources Limited (TSXV:GSS) reported that it has awarded 640,000 incentive stock options exercisable at $0.15 per common share to officers, directors and consultants of the Company. This grant of options is in compliance with the terms of the Company’s Stock Option Plan and remains subject to the acceptance of the TSX Venture Exchange.

The press release is quoted as saying:

Gossan Resources Limited is engaged in mineral exploration and development in Manitoba and northwestern Ontario. It has a well-diversified portfolio of properties hosting gold, platinum group and base metals, as well as the specialty and minor metals, tantalum, lithium, chromium, titanium and vanadium. The Company also has a large deposit of magnesium-rich dolomite, the world-wide rights to the Zuliani magnesium production process, and a silica sand deposit. Gossan trades on the TSX Venture and the Frankfurt/Freiverkehr & Xetra Exchanges and has 29,117,900 common shares outstanding.

Click here to access the entire press release

Click here to access Gossan Resources Corporate Site

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