Corsa Grants Incentive Stock Options
TORONTO, Oct. 19, 2011 /PRNewswire/ - Corsa Coal Corp. ("Corsa") (TSXV: CSO) announces that the Board of Directors has granted stock options to Don Charter, the President and Chief Executive Officer, to purchase one million shares in the capital of Corsa, exercisable for five years at a price of $0.53 per share, of which 750,000 are fully vested and 250,000 vest as to one third a year over three years. The options are subject to TSX Venture Exchange approval.
Mr. Charter draws no cash salary for fiscal 2011.
Information about Corsa
Corsa's main operating subsidiary is Wilson Creek Energy LLC based in
Somerset County, Pennsylvania. Its primary business is the mining,
processing and selling of metallurgical coal, as well as actively
exploring, acquiring and developing resource properties
consistent with its coal business.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Corsa Coal Corp.