TAIPAN RESOURCES INC. ANNOUNCES STOCK OPTION GRANT, ISSUANCE OF SHARES AND APPOINTMENT OF OFFICER
Taipan Resources Inc. (“Taipan” or the “Company”) (TSX VENTURE: TPN) announces that it has granted an aggregate of 2,150,000 incentive stock options, including 1,500,000 stock options to be issued to directors and officers of the Company. The stock options are exercisable into common shares of the Company for a period of five years at a price of $0.36 per share.
These options have been granted pursuant to the Company’s Stock Option Plan and are subject to vesting requirements. In addition, the Company has issued an aggregate of 448,698 common shares to Maxwell Birley, the Company’s Chief Executive Officer, in accordance with the terms of his consulting agreement.
The Company also announces that Ms. Christine Thompson has resigned as the Corporate Secretary of the Company and Mr. Theo van der Linde, CA has been appointed in her place.
Source: Taipan Resources Inc.