Plexmar Resources Inc.: Granting of Stock Options
CCNMatthews
QUEBEC CITY, QUEBEC--(CCNMatthews - July 6, 2006) - Plexmar Resources Inc. (TSX VENTURE:PLE) wishes to announce that it has granted an aggregate of 2,000,000 incentive stock options to directors, key employees, consultants and Paradox Public Relations. Each option entitles its holder to purchase one common share of the Company for a period of five years from July 6, 2006 at an exercise price of $0.51 per share. These options are subject to a hold period of four months from today's date, as required by the TSX Venture Exchange (the "Exchange") and in accordance with securities laws.
Also, the Company wishes to announce that it is pursuing its relationship with Paradox Public Relations and is extending its contract to June 1st, 2007. Paradox has been awarded 400,000 incentive stock options at $0.51 for a period of 12 months.
This grant is subject to regulatory approvals, and is made pursuant to the Company's Stock Option Plan.
Also, the Company announces that the Fonds de Solidarite des travailleurs du Quebec (FTQ Fund) has decided to convert its $150,000 debenture into shares at $0.20 per share according to the agreement signed on June 13th, 2003. A certificate representing 750,000 shares will be issued to the FTQ Fund.
FOR FURTHER INFORMATION PLEASE CONTACT:
Plexmar Resources Inc.
Guy Bedard
President
(418) 658-6776
www.plexmar.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
