Vancouver, British Columbia--(Newsfile Corp. - January 27, 2012) - Minfocus Exploration Corp. (TSXV: MFX) (the "Company") today announced that it has granted an aggregate of 1,500,000 incentive stock options to certain of its directors and officers pursuant to the terms of the Company's stock option plan. Such options are exercisable at the price of $0.25 until January 27, 2017 and are subject to the acceptance of the TSX Venture Exchange.
The options, which vest immediately, and the common shares issuable upon exercise will be subject to a four-month hold period expiring on May 28, 2012. Currently, an aggregate of 1,749,263 shares remain available for issuance under the Company's stock option plan after today's grant of options.
For further information please contact:
President & Chief Executive Officer
Phone: (416) 232-0025
THE TSX VENTURE EXCHANGE HAS IN NO WAY PASSED UPON THE MERITS OF THE TRANSACTION AND HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE. NEITHER THE 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.