Hodgins Auctioneers Announces Stock Option Grant

MELFORT, SK, Aug. 24, 2012 /CNW/ - Hodgins Auctioneers Inc. (TSXV: HA) ("Company") announced today that, subject to regulatory approval, the Company intends to grant 869,000 stock options to directors, officers, employees and consultants of the Company.  The options will have an exercise price of $0.18, with a five year term to expiry.

About Hodgins Auctioneers Inc. Headquartered in Melfort, SK for more than 50 years, Hodgins Auctioneers is a provider of professional auction services. Hodgins is renowned for its experienced Auctioneers, award-winning promotions, dependable results and commitment to providing the ultimate marketplace for the sale of assets by auction.

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.

SOURCE: Hodgins Auctioneers Inc.

Grant Hodgins, CEO
Hodgins Auctioneers Inc.
Tel: [phone]
Fax: [phone]
Email: [email protected]
Website: www.hodginsauctioneers.com