Agoracom

MacMillan Gold grants one million options at 52 cents

2008-04-04 17:55 ET - Options Proposed

Mr. George Brown reports

MACMILLAN GOLD CORP. GRANTS STOCK OPTION

MacMillan Gold Corp. is granting stock options to buy one million shares based upon today's closing price of 52 cents per share. These options are subject to regulatory approval.

The grants include 300,000 options to the three directors, 600,000 options to six officers and 100,000 options to three consultants. The options expire three years from the date of grant or approval.

Prior to the one million stock options granted today, the outstanding options included 675,000 options exercisable at 30 cents with an expiry date of April 13, 2009, 1.69 million options exercisable at 37 cents with an expiry date of March 30, 2010, 325,000 options exercisable at 51 cents with an expiry date of Sept. 28, 2010, and 175,000 options exercisable at 60 cents with an expiry date of Dec. 28, 2010. Subsequent to the issuance of these options there will be 3,865,000 stock options issued and outstanding.

The grant of these additional stock options by MacMillan Gold does not change the fully diluted shares disclosed in Stockwatch in an April 3, 2008, joint news release describing the proposed business combination with Duran Ventures Inc.