Mayen Minerals Announces Resignation and Appointment of Directors and Grants Incentive Stock Options
July 02 2010 - 2:40PM
Marketwired
MAYEN MINERALS LTD. (TSX VENTURE: MYM) (the "Company" or "Mayen")
is pleased to announce the appointment of Joao Manuel to the board
of directors effective June 30, 2010. In addition, the Company
announces that effective June 30, 2010, Mr. Bruce McDonald has
resigned as the Non-Executive Chairman and a director of the
Company. Mr. McDonald will continue to maintain a close
relationship with the Company as a major shareholder and as an
advisor to the Board from time to time, as required.
The Company also announces that it has granted options to
certain directors and consultants of the Company entitling them to
purchase an aggregate of 175,000 common shares of the Company. The
options were granted pursuant to a stock option plan approved by
the shareholders of the Company. 150,000 stock options entitle the
holder thereof to purchase one common share of the Company at a
price of $0.80 per common share for a period of five years and
25,000 stock options entitle the holders thereof to purchase one
common share of the Company at a price of $0.80 per common share
for a period of three years.
About Mayen Minerals Ltd.
Mayen is a Canadian junior exploration company focused on the
acquisition, exploration, and development of precious and base
metal deposits in Mexico. The Company is listed on the TSX Venture
Exchange under the symbol MYM.
ON BEHALF OF THE BOARD
Dennis A. van Dyke, President, Chief Executive Officer and
Director
Neither TSX Venture Exchange nor its Regulations 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: Mayen Minerals Ltd. Dennis A. van Dyke President and
Chief Executive Officer (604) 689-4733 (604) 251-1721 (FAX)
www.mayenminerals.com
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