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TSX-V : NUX | 9/5/2010 1:32:11 AM ET |  |
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New Pacific Metals Corp. is a Canadian-based advanced junior gold exploration company engaged in the exploration and development of gold-polymetallic projects. Silvercorp Metals Inc. (TSX: SVM), the primary silver producer in China, is the major shareholder with an interest of 23%. The company's current projects include the Huaiji Gold Project in China and in June, 2010 it has staked the Eva Lake Property of 260 km2 in British Columbia. With $10 million in working capital, no debt, and experienced management, the company is well positioned to build shareholder value through discovery and resource development. | |
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News Release | |
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News Release: 2008 Feb 01, 2008 Incentive Stock Option Grant and Repricing VANCOUVER, BRITISH COLUMBIA -- February 1, 2008 -- New Pacific Metals Corp. (TSX-V: NUX) is pleased to announce that subject to regulatory approval, it has granted a total of 100,000 incentive stock options to directors, officers, employees and consultants of the Company. The stock options are exercisable at $1.55 for a period of five years, and are subject to a vesting period of 36 months. The shares issuable under the options are subject to a hold period expiring June 2, 2008. Further, the Company wishes to announce that, subject to TSX Venture Exchange approval, the 450,000 stock options granted on July 17, 2007 will be repriced to $1.55. The Company must obtain disinterested shareholder approval for the repricing of insider incentive stock options at the next annual general meeting of the Company in order for the re-priced options to be exercisable. For Further Information: New Pacific Metals Corp. Lou Duarte, Director Phone: +1 (604) 633-1368 Fax: +1 (604) 669-9387 Email: info@newpacificmetals.com Website: www.newpacificmetals.com The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the release.  Download News Release (PDF: 64KB) |
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Copyright © 2010 New Pacific Metals Corp. All rights reserved. | |
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