Waymar Grants Stock Options
30 September 2011 - 8:48AM
Marketwired
Waymar Resources Ltd. ("Waymar" or the "Company") (TSX VENTURE:WYM)
announces that the Company has granted a total of 680,000 incentive
stock options pursuant to its previously approved stock option plan
to directors, officers, and employees of the Company. These options
are exercisable over 5 years at an exercise price of $0.35 per
share.
Waymar Resources Ltd. is a Canadian mineral exploration company
with an option to acquire 100% interest in the Anza project located
in the west of the Antioquia Department in the Republic of
Colombia. Upon exercise of the option, the optionors will retain a
2% net smelter return royalty on that portion of the Anza property
governed by the Option Agreement, one-half of which may be
purchased by Waymar for a cash payment of US$1,000,000. Colombia is
a significant producer of gold, nickel, emeralds, petroleum and
natural gas as well as a leading producer of coal in Latin America.
Waymar also has 100% ownership of certain properties surrounding
Anza to cover district potential and is continually seeking
opportunities to acquire exploration properties. Waymar trades on
the TSX Venture Exchange under the symbol "WYM".
WAYMAR RESOURCES LTD.
Pablo Marcet, President & CEO
This news release may contain forward-looking statements based
on assumptions and judgments of management of Waymar regarding
future events or results. Such statements are subject to a variety
of risks and uncertainties which could cause actual events or
results to differ materially from those reflected in the
forward-looking statements, certain of which are beyond the control
of Waymar, including, but not limited the impact of general
economic conditions, industry conditions, risks associated with the
uncertainty of exploration results and estimates, currency
fluctuations and exploration risk. Waymar disclaims any intention
or obligation to revise or update such statements except as may be
required by law.
Shares Outstanding: 45,945,170
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: Waymar Resources Ltd. Investor Relations
1-778-373-0100 1-604-639-4670 (FAX)info@waymarresources.com
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