London, United Kingdom--(Newsfile Corp. - May 23, 2013) - Hunter Bay Minerals plc ("Hunter Bay") (TSX-V: HBY) (OTCQX: HTBNF) announces that it has granted a total of 1,950,000 stock options to certain directors and officers of Hunter Bay. The options were granted for a period of 5 years, expiring on May 22, 2018, and each stock option will allow the holder to purchase an ordinary share of Hunter Bay at an exercise price of $0.10 per share.
Hunter Bay also announces that the directors have approved the re-pricing of 3,425,000 outstanding stock options from exercise prices ranging between $0.15 and $0.25 to $0.10 and extending the expiry dates of those outstanding stock options to May 22, 2018. Of the outstanding stock options, 3,225,000 stock options are currently held by insiders of Hunter Bay. The re-pricing of the stock options is subject to disinterested shareholder approval at Hunter Bay's annual general meeting on June 27, 2013 and the approval of the TSX Venture Exchange.
About Hunter Bay
Hunter Bay is engaged in the acquisition, exploration and development of mineral resource properties located in South America and Canada. Hunter Bay's lead project is the Sela Creek Project, located in Suriname, which Hunter Bay has an option to acquire up to an eighty percent (80%) interest. Hunter Bay also owns a one-hundred percent (100%) interest in the Great Bear Lake Properties located in the eastern side of Great Bear Lake NWT.
For additional information please contact:
Hunter Bay Minerals plc
Bridge House, London Bridge
London, England SE1 9QR
Christopher Wilson, CEO and President
Phone: (+44) 207-127-9125
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.