| | | June 15, 2010
MBMI Grants Stock Options
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| | Vancouver, B.C., June 15, 2010 - MBMI RESOURCES INC. ("MBMI" or the "Company") (TSX V: MBR) is pleased to announce that, in accordance with the Company's Stock Option Plan, it has granted to certain directors, officers, employees, and consultants, incentive stock options to purchase up to an aggregate of 2,300,000 common shares exercisable on or before June 2015 at a price of $0.26 per share.
Corporate Profile
MBMI Resources Inc. is a Canadian-based mining company focused on the exploration and development of nickel mineral properties in the Philippines. MBMI and its Philippine partners have an interest in nine nickel laterite projects in the Philippines, covering an area greater than 22,000 hectares. MBMI's objective is to become a major supplier of nickel products to primary industrial consumers in Asia.
ON BEHALF OF THE BOARD OF DIRECTORS
"Michael T. Mason"
President and Director
Further Information
For further information relating to the Company or this release, please refer to the Company's website at www.mbmiresources.com or contact Investor Relations at 1-877-399-1991 or mbr@mbmiresources.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking information including but not limited to comments regarding the timing and content of upcoming financings, work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking information includes disclosure regarding possible future events, or conditions or results of operations that is based on assumptions about future economic conditions and courses of action, and therefore, involves inherent risks and uncertainties. Although management has a reasonable basis for the conclusions drawn, actual results may differ materially from those currently anticipated in such statements.
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| | You can view the Next News Releases item: Thu Jun 17, 2010, MBMI Proceeds With Nickel Projects Plans And Activities
You can view the Previous News Releases item: Wed Jun 2, 2010, MBMI Partners' FTAA Application Approved
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