/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
CALGARY
,
Sept. 22
/CNW/ - Whitemud Resources Inc. ("Whitemud" or the "Company") (WMK - TSXV) is pleased to announce that it has granted, effective
September 22, 2009
, an aggregate of 400,000 stock options under its stock option plan to its outside directors at an exercise price of
$0.93
per share. The stock options granted are subject to applicable regulatory requirements or approvals. The issuance of 300,000 of these options to
Barry Lester
reflects his previously announced appointment as Chairman of the Board of Directors and his role in providing Whitemud with assistance in introducing metakaolin and its associated performance benefits to improve the quality of concrete to engineering, architectural and construction companies that design and construct major buildings and infrastructure projects in
Canada
and the
United States
.
Mr. Lester
has a distinguished engineering career and was awarded the Canadian Engineering Leadership award by the Schulich School of Engineering at the University of
Calgary
in 2007.
Whitemud is committed to becoming the leading manufacturer and supplier of metakaolin for the North American construction cement and concrete and oilfield cement industries. The Company was founded in 2002, inspired by the discovery of a unique manufacturing process that would allow for the economic use of metakaolin as an additive to concrete. Whitemud has secured leases for one of the largest deposits of kaolin in
North America
near Wood Mountain in southern Saskatchewan, 165 kilometres southwest of Regina, and 40 kilometres north of the US border.
These securities have not been, nor will they be, registered under the
United States
Securities Act of 1933, as amended, and may not be offered or sold in the
United States
without registration or an applicable exemption from the registration requirements of that Act. This news release does not constitute an offer for sale of these securities in the
United States
.
%SEDAR: 00024724E
For further information: Ron Love, Vice-President, Finance and Chief Financial Officer at (403) 517-0040
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