Business & Finance
Business and Finance
Business and Finance 
Thu, May 13, 2010
Wed, May 12, 2010
Barry-Urban Mining Camp Staking and Grant of Share Purchase Options
MONTREAL, QUEBEC--(Marketwire - May 12, 2010) - Amseco Exploration Ltd. (TSX VENTURE:AEL) ("Amseco") announces that it has recently completed land staking for an additional fifty-three (53) 16 hectare claims for a total area of 848 hectares. These claims cover the north shore of Lake Barry as well as part of the lake itself. The claims are contiguous to Abitex Resources Inc.'s (« ABE »-TSX-V) Barry property. In the Barry-Urban mining camp Amseco now controls or has an option to acquire an interest in more than 16,458 hectares or 165.48 square kilometres.
Amseco also announces the grant of the following share purchase options:
Jean Desmarais, President and Director 400,000
Reynald Couillard, Chairman of the Board of Directors 200,000
Roger Bourgault, Director 100,000
Nicolas Patry, Director 50,000
The options give the holder the right to buy shares of Amseco at a price of $0.12 per share for a period of five (5) years from the grant date. The options are under a four (4) month resale restriction and gradually vest in the holders name over an eighteen (18) month period following their grant date. The exercise price was established using the company's share closing price of May 11, 2010, which was at $0.11.
Neither 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.