LONDON, April 20 /CNW/ - Uruguay Mineral Exploration Inc. ("UME") (TSX VENTURE:UME) (LSE:UGY) announces that it has granted an aggregate of 285,000 stock options exercisable at a price of CDN$ 3.45 per Common Share on or before April 9, 2012.
Pablo Ferrari, Chief Financial Officer of UME was granted 150,000 stock options, while the balance equivalent to 135,000 stock options were granted to recently appointed Managers of UME.
All of these options were granted on April 10, 2007 and vest in three equal parts on April 9, 2008, April 9, 2009 and April 9, 2010.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Editors note: Uruguay Mineral Exploration Inc. is a gold producer and exploration company focused on identifying and developing mineral opportunities in Uruguay. UME is a fully integrated mining company, possessing the skills necessary to explore and develop its discoveries. The Company operates the only producing gold mine in Uruguay (San Gregorio), and is also the leading mineral exploration company in Uruguay having assembled an exploration portfolio based on gold, base metals (copper, nickel, lead, zinc) and diamond prospects.
Uruguay Mineral Exploration Inc. is quoted in Canada (TSXV) and London (AIM) and Collins Stewart Europe Limited is its Nominated Adviser and Broker.