Beaufield Resources Inc. today announced that the Board of Directors has approved the granting of options for 300,000 common shares of the Corporation to a Director under the stock option plan of the Corporation. The options are exercisable at $0.42 per option and have a term of 5 years.
After the grant, the total number of outstanding options under the Corporation’s plan is 5,650,000 or approximately 6.3% of the outstanding shares.
Beaufield has approximately $8 million in working capital, no debt and a promising portfolio of gold and base metal properties all located in the provinces of Quebec and Ontario.
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