Tigray Cancels Stock Options and Warrants

 

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 14, 2014) - Tigray Resources Inc. (TSX VENTURE:TIG) (the "Company") announces a total of 2,630,000 incentive stock options, under its Stock Option Plan, which were granted to certain employees, consultants and directors of the Company have been cancelled. All of the incentive stock options were priced at $1.31 and had an expiry date of September 8, 2016. The optionees agreed to the Company's request to voluntarily and unconditionally cancel the stock options.

The Company has also reached agreement with certain warrant holders to cancel an aggregate of 141,950 share purchase warrants. The share purchase warrants had an exercise price of $0.40 and an expiry date of September 21, 2014. The warrant holders agreed to the Company's request to voluntarily and unconditionally cancel these warrants.

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 news release.



Tigray Resources Inc.
Nick Watters
Business Development
604-488-9582 or Toll Free: 866-488-9582
604-899-1240 (FAX)
investors@tigray.ca
www.tigray.ca