|By Marketwired .||
|May 28, 2014 03:48 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 05/28/14 -- Morumbi Resources Inc. (TSX VENTURE: MOC) ("Morumbi" or the "Company") announced that, in accordance with its stock option plan, the board of directors of the Company approved the grant of an aggregate of an aggregate of 2,050,000 incentive stock options to various directors, officers and employees of the Company. The options are exercisable on or before May 28, 2019 at an exercise price of $0.03 per share. The granting of the options are subject to regulatory acceptance of applicable filings.
Morumbi is a public company in early stage mineral exploration. The Company trades on the TSX Venture Exchange under the symbol "MOC". For more information about Morumbi and the Company's plans visit our website at www.morumbi.ca.
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 release.
Morumbi Resources Inc.
President & CEO