Whoa!Hana mining up 20% last night and then this (below)...

Whoa!

Hana mining up 20% last night and then this (below) announced on their website!
Cancelling RETROACTIVELY stock option grants due to an EXPECTED increase in corporate activity. Pretty unusual actions.

Does it mean anything for MOD????


March 27, 2012 (Vancouver, British Columbia). Hana Mining Ltd. ("Hana" or the "Company") - (TSX-V: HMG) (Frankfurt: 4LH) announces in light of an anticipated increase in corporate and operational activities over the next few months, its management and directors have determined that a blackout on the granting of incentive stock options will be imposed until further notice.

The board has also determined that the blackout will be applied retroactively. Accordingly, the grant of Incentive Stock Options (the "Options") to purchase up to an aggregate of 2,700,000 common shares of the Company announced on February 27, 2012 has been cancelled. The Options, which were to be issued to certain directors, officers and employees of the Company would have been exercisable at $2.13 per share and would have expired on February 27, 2017.