Polar Star Mining Corporation-Polar Star Issues 250,000 Options
July 16 2008 - 4:37PM
Marketwired
TORONTO, ONTARIO (PINK SHEETS: POSRF) ("Polar Star" or the
"Company") is pleased to announce that in connection with the
appointment of Adam Rochacewich, CA as Chief Financial Officer of
the Company (previously announced on May 20, 2008), Polar Star has
granted Mr. Rochacewich options to acquire up to an aggreagate of
250,000 common shares of the Company. The options are exercisable
at $0.65 per share, and expire on July 16, 2013. The options are
subject to the following vesting schedule: (i) 83,334 on July 16,
2009, (ii) 83,333 on July 16, 2010 and (iii) 83,333 on July 16,
2011.
About Polar Star Mining Corporation
Polar Star was created to acquire advanced stage exploration
properties focusing on gold, copper gold, and uranium. The
Corporation's material assets include 20 projects in Chile, which
are 100% owned and cover approximately 140,000 hectares. Polar Star
announced the closing of a $5 million private placement on July 8,
2008 during which HudBay Minerals Inc. acquired 3,860,605 Units
(approximately 9.9% of the outstanding shares) of the Company, as
at July 8, 2008.
Forward-Looking Statements
The statements made in this news release may contain
forward-looking statements that may involve a number of risks and
uncertainties. Actual events or results could differ materially
from the Company's expectations and projections. Accordingly,
readers should not place undue reliance on forward-looking
statements. For a more detailed discussion of such risks and other
factors, refer to Polar Star Mining Corporation's filings with
Canadian securities regulators available on www.sedar.com or the
Company's website at www.polarstarmining.com.
Share Capitalization:
Shares Outstanding: 38,964,098 as at July 16, 2008.
Business Television Feature:
Polar Star was selected and featured on Business Television in
early March 2008. If you missed the show, please click on the link
below to watch the full-feature
http://www.b-tv.com/i/videos/PolarStar.wmv.
The Toronto Stock Exchange Venture has not reviewed and does not
accept responsibility for the adequacy or accuracy of this release
and the information contained herein.
Contacts: Polar Star Mining Corporation Douglas Willock
President and CEO (416) 368-3496 Email: info@polarstarmining.com
Website: www.polarstarmining.com
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