|July 14, 2011|
Heatherdale Announces Grant of Options
|July 14, 2011 Vancouver, BC - Heatherdale Resources Ltd. ("Heatherdale" or the "Company") (TSXV: HTR) announces the grant of 120,000 options to a director of the Company.|
The options have been granted under the terms of the Company's stock option plan with an exercise price of $0.76 per share (based on the closing price at the end of trading on July 7, 2011) and vesting in three equal tranches: six, twelve and 18 months after the date of grant, with a five year term.
Heatherdale Resources Ltd. is a Vancouver-based exploration and development company, associated with Hunter Dickinson Inc. (HDI). The Company holds a 51% interest in the Niblack Project, with an option to acquire up to a 70% interest from Niblack Mineral Development Inc. by investing an additional US$10 million and completing a bankable feasibility study. Niblack is a resource delineation stage copper-gold-zinc-silver project located near tidewater in southeast Alaska. The Company also holds a 60% interest, with the option to acquire 100%, in the mid-stage Delta copper-lead-zinc-gold-silver project, located in east-central Alaska about 19 miles from the Alaska Highway.
For further details on Heatherdale Resources Ltd., please visit the Company's website at www.heatherdaleresources.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.
On behalf of the Board of Directors
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.
You can view the Next News Releases item: Thu Jul 28, 2011, Drilling Continues to Intersect & Expand Mineralization at Niblack; New Zone With High Grade Gold Between Lookout and Trio
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