Yahoo Finance Eastfield Resources Grants Stock Options
Vancouver, BC / ACCESSWIRE / November 24, 2014 / Eastfield Resources Ltd. ("Eastfield") (TSX-V: ETF) would like to announce that it has granted a total of 1,000,000 incentive stock options to directors, employees and consultants to the Company pursuant to the Company's stock option plan. The stock option plan (a "rolling" plan with a maximum of 10% of issued shares reserved for issuance) was approved by shareholders on July 23, 2014. The option exercise price of $0.05 per share is in accordance with Exchange Policy. The 1,000,000 options are exercisable for a period of ten years at a price of $0.05 per share and are subject to the approval of the TSX Venture Exchange.
Following this grant, there are 4,430,000 stock options outstanding with expiries from 2018 through 2024 and exercise prices ranging from $0.05 to $0.13 per share.
The Company presently has 44,894,919 shares issued and outstanding.
Bill Morton
J. William Morton, P.Geo.
President
Eastfield Resources Ltd.
Contact: Paul Way, Business Development Manager
(604) 681-7913 or Toll Free: 888-656-6611
Neither the 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 news release.
About Eastfield Resources:
Eastfield Resources is a well-funded Canadian mineral exploration company focused on the discovery of large gold and copper deposits; it currently has a number of significant projects in British Columbia and in Nevada. Eastfield trades on the TSX Venture exchange under the symbol "ETF". For more information, please visit the company's website at www.eastfieldresources.com.
SOURCE: Eastfield Resources Ltd.
