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Sierra Iron receives contractor bids for drill program

Jul 22, 2015

Sierra Iron Ore Corp. has received competitive bids from a number of drilling contractors on its first-stage drilling program. The bids are being currently being reviewed, with the successful bid being awarded at a later date for an August start.

Further to the press release of June 16, 2015, the company will not be proceeding with the 55-cent price to grant stock options to directors, officers and consultants under its stock option plan. The company will be proceeding with the grant of 1.73 million stock options, to be exercised at the higher price of 75 cents for up to two years, subject to vesting restrictions and percentage limits imposed by regulatory requirements or the plan.

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