| | | Thu Apr 30, 2009
War Eagle Grants Stock Options
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| | Vancouver, British Columbia -- April 30, 2009 - War Eagle Mining Company Inc. (TSXV - WAR) ("War Eagle" or the "Company") reports that it has granted incentive stock options to directors, officers and consultants of the Company, for the purchase of an aggregate of 3,665,000 common shares of the Company, at an exercise price of $0.15, with 1,665,000 options expiring March 31, 2012 and 2,000,000 options expiring April 28, 2014. Of this grant, 450,000 of the options expiring March 31, 2012 were awarded to a director of the Company and 1,500,000 of the options expiring April 28, 2014 were awarded to individuals who are a director or a director and an officer of the Company.
The options are being granted pursuant to the terms of the Company's 2008 stock option plan and are subject to TSX Venture Exchange approval.
War Eagle Mining Company Inc. is a mineral exploration company publicly traded since 1987 and listed on the TSX Venture Exchange with the symbol "WAR". The Company is identifying sources of germanium and developing methodologies for recovering germanium, either through mining or through the extraction of germanium from fly ash and similar materials.
For additional information please contact:
War Eagle Mining Company Inc.
Bob Faris, Corporate Development
1-800-877-1626
1-604-606-7973
Email: bob@wareaglemining.com
info@wareaglemining.com
Website: www.wareaglemining.com
This news release was prepared by management of War Eagle, which takes full responsibility for its contents. 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. |
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