Replies to post #9675 on $ Junior Mining and Exploration $

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LG.v Re-pricing of options from .135 to .16


Lions Gate Energy reprices options

2011-02-15 20:09 ET - Options Proposed


Mr. J. Frank Callaghan reports

GRANT OF STOCK OPTIONS

Lions Gate Energy Inc., further to the news release in Stockwatch on Jan. 5, 2011, and pursuant to its incentive stock option plan, has repriced the incentive stock options granted to directors, officers, employees and consultants of the company to purchase up to a total of 2,718,856 common shares in the capital stock of the company. The options are now exercisable at a price of 16 cents per share for a period of five years from the date of grant and are subject to such vesting periods as imposed by the board of directors pursuant to the plan.