March 7 (Reuters) - Rugby Mining Ltd RUG.V :
* RUGBY AMENDS THE MABUHAY (MOTHER LODE) OPTION AGREEMENT
* RUGBY MINING LTD - AMENDED AGREEMENT PROVIDES THAT PAYMENTS DUE PURSUANT TO OPTION AGREEMENT CAN BE SETTLED IN CASH OR SHARES AT COMPANY'S ELECTION
* RUGBY MINING- FOLLOWING GRANT OF PERMITS TO COMMENCE EXPLORATION AT MABUHAY, CO WILL ISSUE AGGREGATE OF 365,000 COMMON SHARES AT DEEMED PRICE OF C$0.18 PER SHARE