Hornby Bay Announces Grant of Stock Options
TORONTO, ONTARIO--(Marketwire - Oct. 26, 2012) - Hornby Bay Mineral Exploration Ltd. (the "Company") (TSX VENTURE:HBE) announces that it has granted an aggregate of 2,000,000 options to purchase common shares of the Company exercisable at a price of $0.10 per share for a period of 3 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.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Shares Outstanding: 56,785,150
FOR FURTHER INFORMATION PLEASE CONTACT:
Hornby Bay Mineral Exploration Ltd.
President and CEO