VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 24, 2012) - THEMAC Resources Group Limited ("THEMAC" or "the Company") (TSX VENTURE:MAC) announces that it is granting an aggregate of 700,000 stock options to officers, employees and consultants pursuant to the Company's share option plan. Each option will entitle its holder to purchase one common share of the Company at an exercise price of $0.58 per common share for a period of five years from this date.
The grant is subject to regulatory approval.
About THEMAC Resources Group Limited
THEMAC is a mining development company with a strong management team and as of May 18, 2011, acquired a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into production with innovation and a sustainable approach to mining development and production, local economic opportunities and the best reclamation practices for our unique environment.
The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 74,117,622 common shares (fully diluted share capital 136,123,241 before the grant being announced).
For more information please visit www.themacresourcesgroup.com or review the Company's filings on SEDAR (www.sedar.com).
Neither the TSX Venture Exchange (the "TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) has reviewed, nor do they accept responsibility for the adequacy or accuracy of, this release.