DIOS Exploration Inc.: Management Annual Planning
April 26 2011 - 2:52PM
Marketwired
DIOS EXPLORATION INC. (TSX VENTURE: DOS) reports that, following
yearly Planning, an aggregate 950,000 incentive stock options was
granted yesterday under Stock Option Incentive Plan to directors,
officers and employees at an exercise price of $0.30 per share. Of
these options, an aggregate 820,000 options have been granted to
the Company's directors and officers. The options expire five (5)
years from the date of grant, vest quarterly over an 18-month
period, and are subject to the required four (4) month hold period
and other applicable regulatory approvals.
A major exploration budget is also planned for the coming year
to be incurred on wholly-owned projects such as $920,000 for
niobium and rare earths on Shipshaw, $600,000 for gold on AU33,
$400,000 for gold and diamonds on 33 Carats and $300,000 for silver
and IOCG on Hotish, mainly. DIOS is in a good financial position
with its 3.2 M$ non-flow through working capital to pursue its
exploration programs. DIOS focuses on its high potential research
programs, without incurring any share capital dilution in the short
term, to ensure some sort of upside leverage in case of discovery.
DIOS has only some 38.4 million shares and no warrants
outstanding.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: DIOS Exploration Inc. Marie-Jose Girard, President
& CEO 514-483-5149 or 514-510-7962 514-510-7964 (FAX)
mjgirard@diosexplo.com www.diosexplo.com
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