Continental Nickel Reports Grant of Stock Options
September 10 2009 - 2:50PM
Marketwired
Continental Nickel Limited (TSX VENTURE: CNI) ("Continental" or the
"Company") is pleased to announce the grant, pursuant to the
Company's Stock Option Plan and subject to any regulatory
approvals, of 407,500 incentive stock options to officers,
directors and employees at an exercise price of $0.98 per share
with a term of five years.
About Continental Nickel
Continental Nickel Limited is focused on the exploration and
discovery of nickel sulphide deposits in geologically prospective,
but under-explored regions globally. Current projects include its
70% controlling interest in the Nachingwea project in Tanzania,
where NI 43-101 Mineral Resources have been defined and an option
joint venture on the St. Stephen project in New Brunswick, Canada.
Continental Nickel has 30,132,395 shares issued and outstanding
(32,849,895 on a fully-diluted basis) and trades on the TSX Venture
Exchange under the symbol CNI.
On behalf of Continental Nickel Limited
Craig MacDougall, President & Chief Executive Officer
CAUTIONARY STATEMENT: This News Release includes certain
"forward-looking statements". All statements other than statements
of historical fact, included in this release, including, without
limitation, statements regarding potential mineralization and
reserves, exploration results, future plans and objectives of
Continental Nickel Limited, are forward-looking statements that
involve various risks and uncertainties. There can be no assurance
that such statements will prove to be accurate and actual results
and future events could differ materially from those anticipated in
such statements. Important factors that could cause actual results
to differ materially from Continental Nickel Limited's expectations
are the risks detailed herein and from time to time in the filings
made by Continental Nickel Limited with securities regulators.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release. No stock exchange, securities
commission or other regulatory authority has approved or
disapproved the information contained herein.
Contacts: Continental Nickel Limited Craig MacDougall, P. Geo.
President and CEO (416) 364-7111 (416) 364-8114 (FAX)
info@continentalnickel.com www.continentalnickel.com
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