[meteorite-list] Manicouagan Minerals Inc. Announces Stock Options Grants

From: Ron Baalke <baalke_at_meteoritecentral.com>
Date: Tue Jan 18 16:07:40 2005
Message-ID: <200501182107.NAA03157_at_zagami.jpl.nasa.gov>

http://www.cnw.ca/fr/releases/archive/January2005/17/c3787.html

Manicouagan Minerals Inc. announces stock options grants
CNW Telbec (Canada)
January 17, 2005

TORONTO, Jan. 17 /CNW Telbec/ - Manicouagan Minerals Inc. (the
"Corporation") is pleased to announce that it has granted 2,025,000 stock
options in accordance with its approved Stock Option Plan. An aggregate of
1,975,000 stock options were granted to the Corporation's directors and
officers and an aggregate of 50,000 stock options were granted to an employee
of the Corporation. All of the options are exercisable within a five (5) year
term at an exercise price of $0.30 per Common Share and were vested on
 January 14, 2005. Following such grant, 457,700 Common Shares remain
available for issuance pursuant to the Corporation's Stock Option Plan.
    
The Corporation is engaged in the exploration of the Manicouagan
meteorite impact crater in central Quebec. These efforts have been
concentrated on seeking prospective areas of nickel-copper-platinum group
mineralization. The Corporation believes that the similarities between the
Manicouagan crater and the Sudbury mining district are of a significant enough
technical merit to warrant an extensive exploration program. Less than 5% of
the crater has been explored to date and geophysical surveys have identified
four deep magnetotelluric anomalies, which are located toward the center of
the Manicouagan crater. The Corporation has accumulated rights to claims
totalling in excess of 1,300 square kilometres in the crater area.
    
The Corporation's Common Shares are listed on the TSXV under the trading
symbol MAM.

The TSXV has not reviewed this news release and does not accept
responsibility for the adequacy or accuracy of this news release. The
TSXV has neither approved nor disapproved the contents of this news
release.


For further information: please visit www.sedar.com, or contact:
Constantine Salamis, President and Chief Executive Officer, at (450) 226-2265
Received on Tue 18 Jan 2005 04:07:23 PM PST