Vancouver, BC - Consolidated Abaddon Resources Inc. (TSX-V: ABN) (FWB: E2L) announces that pursuant to its stock option plan, the Company has granted incentive stock options to its various directors, officers, consultants and management company employees to purchase up to an aggregate of 672,819 common shares in the capital stock of the Company, exercisable for a period of five years, at a price of $0.46 per share. The Company's 10% rolling stock option plan was approved by the shareholders at the Annual and Special General Meeting of the Company held on January 11, 2007. These options are subject to a four-month hold period.
Consolidated Abaddon Resources Inc. is a Canadian uranium exploration company actively involved with the development of uranium properties in the ATHABASCA BASIN of northern Saskatchewan, SIMS BASIN of western Labrador, and the ALGOMA DISTRICT of northwestern Ontario.
Property partners include Denison Mines Corp. and Triex Minerals Corp.
ON BEHALF OF THE BOARD OF DIRECTORS
JAMES G. PETTIT
For further information contact myself or:
Consolidated Abaddon Resources Inc.
Toll Free: 800-567-8181
THE TSX VENTURE EXCHANGE AND FRANKFURT STOCK EXCHANGE HAVE NOT REVIEWED AND DO NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
You can view the Next News Releases item: Tue Sep 4, 2007, Non-Brokered Private Placement Announced
You can view the Previous News Releases item: Mon Jul 9, 2007, Denison Mines Begins Drilling on Huard-Kirsch Lakes Uranium Project, Athabasca, Saskatchewan
You can return to the main News Releases page, or press the Back button on your browser.