Alderon Grants Incentive Stock Options and Appoints Corporate Secretary
10 Februar 2011 - 1:15AM
Marketwired
Alderon Resource Corp. (TSX VENTURE: ADV)(OTCQX: ALDFF) ("Alderon")
announces that it has, effective February 9, 2011, granted
incentive stock options to purchase a total of 1,500,000 common
shares of Alderon at an exercise price of $3.70 per share to
certain executive officers and directors of Alderon. The options
vest in equal quarterly instalments of a period of 24 months and
have a term of five years.
Alderon also announces the appointment of Patrick Gleeson as
Corporate Secretary of Alderon. Mr. Gleeson was formerly a member
of the Board of Directors of Alderon and is the past Corporate
Secretary and Counsel of Consolidated Thompson Iron Mines Limited.
He provides corporate and securities legal advice to a number of
reporting issuers in the resource industry. Sheila Paine will
remain with Alderon as Assistant Corporate Secretary.
About Alderon
Alderon is a leading iron ore exploration and development
company in Canada. The Kami Project is located within an existing
iron ore district and is surrounded by producing iron ore mines.
The Alderon team is comprised of skilled professionals with
significant iron ore expertise to advance Kami towards
production.
For more information on Alderon, please visit our website at
www.alderonmining.com.
ALDERON RESOURCE CORP.
On behalf of the Board
Mark J Morabito, President & CEO
Neither 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 release.
Contacts: Alderon Resource Corp. - Vancouver Office Mark J.
Morabito President & CEO 604-681-8039 604-681-8039 (FAX)
Alderon Resource Corp. - Toronto Office 416-309-2135 416-861-5887
(FAX) info@alderonmining.com www.alderonmining.com
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