Grizzly Announces Stock Option Grant
October 31 2011 - 5:27PM
Marketwired
Grizzly Discoveries Inc. (TSX VENTURE:GZD) (OTCQX:GZDIF)
(FRANKFURT:G6H) ("Grizzly" or the "Company") announces that the
Board of Directors has, subject to the approval of the TSX Venture
Exchange, granted stock options to directors and a consultant of
the Company to acquire up to an aggregate 1,100,000 common shares
of Grizzly ("Shares") under the Company's stock option plan (the
"Plan"), of which 1,050,000 were granted to directors of Grizzly.
The aggregate 1,100,000 options vest upon issuance. The stock
options are exercisable at a price of $0.75 per Share and shall
expire on October 31, 2016 or earlier in accordance with the
Plan.
About Grizzly Discoveries Inc.
Grizzly trades on the TSX Venture Exchange under the symbol GZD,
on the OTCQX exchange under the symbol GZDIF, and the Frankfurt
Exchange under the symbol G6H, with 48,350,268 common shares issued
and outstanding.
Grizzly is an aggressive and diversified Canadian mineral
exploration company exploring for: potash in Alberta; world class
gold and base metal deposits in British Columbia; and diamonds in
Alberta. Grizzly holds, or has an interest in, metallic and
industrial mineral permits for potash totaling more than 2.4
million acres along the Alberta-Saskatchewan border. Grizzly also
holds four precious-base metal properties in British Columbia
totaling over 235,000 acres and holds more than 600,000 acres in
diamond properties which host diamondiferous kimberlites in the
Buffalo Head Hills and Birch Mountains of Alberta.
On behalf of the Board
Grizzly Discoveries Inc.
Brian Testo, President
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: Grizzly Discoveries Inc. Brian Testo President (780)
693-2242www.grizzlydiscoveries.com IR PRO COMMUNICATIONS Nancy
Massicotte Investor Relations 604-507-3377 or Toll Free:
1-866-503-3377ir@grizzlydiscoveries.comwww.irprocommunications.com
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