Ucore Grants Incentive Stock Options
Nov 08, 2011
OTC Disclosure News Service
Hammonds Plains, NS, Canada –
(Halifax, N.S., November 8, 2011) Ucore Rare Metals Inc. (TSX-V:UCU “Ucore”or the “Company”) advises that an aggregate of 1,920,000 options have been granted to directors, officers, employees and consultants of the Company, subject to the approval of the TSX Venture Exchange. The options are exercisable at a price of $0.55 per share and expire five years from November 7, 2011, the date of grant. One third of the options will vest after six months, with one third vesting every six months thereafter until fully vested.
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.