February 7, 2013: Vancouver, BC – Balmoral Resources Ltd. (Stock Profile – TSXV:BAR & OTCQX:BALMF) announced today that, pursuant to the provisions of its 2010 incentive stock option plan, the Board of Directors has approved the grant of incentive stock options to directors, officers, employees, consultants and advisors of the Company to purchase up to an aggregate of 2.9 million common shares in the capital stock of the Company. The options are exercisable on or before February 6th, 2018 at a price of $1.05 per share.
Balmoral is a Vancouver-based precious metal exploration and development company focused on district scale gold opportunities in North America. With a philosophy of creating value through the drill bit and with a focus on proven productive precious metal belts, Balmoral is following an established formula with a goal of maximizing shareholder value through discovery.
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