VANCOUVER, Oct. 5, 2012 /CNW/ - Heatherdale Resources Ltd. ("Heatherdale" or the "Company") (TSX Venture: HTR) announces that, further to its news release on September 25, 2012, it has granted 120,000 stock options to the two recently appointed members of its board of directors. The options have been granted under the terms of the Company's stock option plan with an exercise price of $0.20 per share and vesting in three equal tranches: six, twelve and 18 months after the date of grant, with a five year term.
About Heatherdale
Heatherdale Resources Ltd. is a Vancouver-based exploration and development company focused on advancing two Alaska-based assets, the 100%-owned Niblack copper-gold-zinc-silver project and the mid-stage Delta copper-lead-zinc-gold-silver project in which it holds a 60% interest.
On behalf of the Board of Directors
Patrick Smith
President and Chief Executive Officer
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 release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration potential to expand resources that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploration successes or failures, uncertainties concerning the continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.
SOURCE Heatherdale Resources Ltd.
