TORONTO, ONTARIO--(Marketwire - Jan. 17, 2013) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.
Kitrinor Metals Inc. (TSX VENTURE:KIT) (the "Company") - A correction from source is issued with respect to the news release that was disseminated on January 17, 2013 at 12:51 p.m. (Eastern Daylight Time). The aggregate number of options granted should have read: "2,135,000". The correct version follows:
Kitrinor Metals Inc. (TSX VENTURE:KIT) (the "Company") announces that it has granted an aggregate of 2,135,000 options to purchase common shares of the Company exercisable at a price of $0.25 per common share for a period of 5 years to directors, officers, consultants and employees of the Company. The common shares issuable upon exercise of the options are subject to a four month hold period from the original date of grant.
About Kitrinor Metals Inc.
Kitrinor is a junior mining exploration company engaged in the acquisition, exploration and development of mineral resource properties in Canada. The Company's activities are currently focused on the exploration and development of the Culroc Property located in the Township of Sothman, Ontario.
Statements in this press release regarding the Company's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.
The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Shares Outstanding: 23,906,382
President and CEO