Continental Nickel Reports Grant of Stock Options
May 27 2010 - 5:46PM
Marketwired
Continental Nickel Limited (TSX VENTURE: CNI) ("Continental" or the
"Company") announces the grant, pursuant to the Company's Stock
Option Plan and subject to any regulatory approvals, of 400,000
incentive stock options to officers, directors and employees at an
exercise price of $0.60 per share with a term of five years.
About Continental Nickel
Continental Nickel Limited is focused on the exploration,
discovery and development of nickel sulphide deposits in
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 38,943,664 shares issued
and outstanding (46,206,514 on a fully-diluted basis) and trades on
the TSX Venture Exchange under the symbol CNI. The Company remains
well funded with C$13.5 million in the treasury.
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 (905) 815-0533 (905) 815-0532 (FAX)
info@continentalnickel.com www.continentalnickel.com MMH Investor
Relations Inc. Marguerite Manshreck-Head President (613)
395-4487
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