Buchans announces results of Annual and Special Meeting and grant of stock options

    




 Trading Symbol: TSXV: BMC Shares Outstanding: 166,283,160 

 WINDSOR, NS, June 22, 2012 /CNW/ - Buchans Minerals Corporation  ("Buchans Minerals" or the "Company") recently held its 2012 Annual and  Special Meeting (the "Meeting") on June 20(th), 2012 in Halifax. Resolutions passed at the Meeting included the  re-appointment of chartered Accountants Wasserman Ramsay as auditor of  the Company, re-approval of the Company's incentive stock option plan  (the "Plan") and the re-election of current directors, namely Warren  MacLeod, Paul Moore, Ed Merringer, Steven Poad, Daniel Burneski, Andrew  Forrest and Donald MacLeod. 

 Following the Meeting, the Board of Directors approved the grant of an  aggregate of 1,369,500 stock options to directors, officers and  employees of the Company under the Plan, 796,500 of which were granted  to officers and directors and 573,000 were granted to employees. Each  option is exercisable for one common share of Buchans Minerals for a  period of five years from the date of grant at an exercise price of  $0.10.  All other terms and conditions of the options are in accordance  with the Plan. 

 Neither the Exchange nor its Regulation Services Provider (as that term  is defined in the policies of the Exchange) accepts responsibility for  the adequacy or accuracy of this release, and no securities regulatory  authority has either approved or disapproved of the contents of this  release. 

BUCHANS MINERALS CORP.


CONTACT:  Buchans Minerals Corporation.Warren MacLeod, President & CEOPh: [phone]Windsor, Nova Scotiawww.buchansminerals.com 


    

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