TORCH RIVER RESOURCES LTD.
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Torch River Resources Ltd. (“Torch” or the “Corporation”) (TSX-V: TCR) (FRANKFURT: WNF) (U.S. pink sheets: TORVF) announces today that the Board of Directors granted an aggregate of 985,000 stock options to purchase common shares pursuant to its stock option plan to a total of 6 officers, directors and contractors of Torch effective February 7, 2012. All of the stock options vest immediately and were granted at an exercise price of $0.10 per common share. Of the 985,000 stock options granted, an aggregate of 785,000 stock options were granted to the four directors (including 1 director who is also an officer) and 180,000 stock options were granted to 1 officer of Torch (who is not a director). The stock options expire on February 07, 2017.
