Gold Canyon Resources Inc.: Grant of Incentive Stock Options

Gold Canyon Resources Inc. (TSXV:GCU,PINK:GDCRF) reports that it has granted stock options to certain employees to purchase  3,300,000 shares at $3.50 a share.

The press release is quoted as saying,

The stock options vest over the first year, in three equal instalments from the date of grant (subject to acceleration in the event of a change of control), and expire on April 18, 2013. The grant is subject to Exchange annual acceptance of the Option Plan which was recently re-affirmed by the shareholders of the Company at the Annual General Meeting on April 13, 2011.

For the complete press release, click here.