APM Grants Options to Directors, Officers and Employees
23 November 2010 - 7:58AM
Marketwired
Advanced Primary Minerals Corporation (the "Corporation" or "APM")
(TSX VENTURE: APD) announces the grant of a total of 630,000
options to an aggregate of 12 directors and officers and to
employees of its wholly owned subsidiary, Advanced Primary Minerals
USA Corp. Each option is exercisable for one common share of the
Corporation until November 15, 2015 at an exercise price of $0.24.
All of the options vested immediately with the exception of 20,000
options granted to certain individuals, which vest as to 5,000 on
May 15, 2011 and as to 10,000 on November 15, 2011.
About APM
APM, through its wholly owned subsidiary, Advanced Primary
Minerals USA Corp. (formerly Erdene Materials Corp.), operates a
newly constructed kaolin processing plant in Dearing, Georgia and
has been active in Georgia and South Carolina for over 10 years
exploring for, evaluating, extensively testing and securing high
quality primary kaolin resources. APM has also operated an
industrial minerals laboratory in Eatonton, Georgia since 1998. The
Corporation is targeting value added products that benefit from the
unique attributes of its high quality, primary kaolin resource.
Target markets include ceramics, paint and coatings, catalysts and
other specialty industrial applications. APM has 26,334,963 shares
issued and outstanding and a fully diluted share position of
28,916,200.
Neither 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: Advanced Primary Minerals Corporation Ken W. MacDonald
President and CEO 902-466-7255 info@advminerals.com
www.advminerals.com
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