SnipGold Grants Stock Options
28 Juni 2014 - 12:46AM
Marketwired
SnipGold Grants Stock Options
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 27, 2014) -
SnipGold Corp. (TSX-VENTURE:SGG) ("SnipGold" or the "Company") is
pleased to announce that Kevin Nishi has been appointed to the
Board of Directors and that Tim Thiessen has been appointed Interim
CFO.
The Company wishes to thank Ms. Carol Anne Lunshof for her
dedicated efforts with the Company over the past 4 years and for
agreeing to act as a consultant on an as-needed basis over the next
several months. The Board and Management wish Ms. Lunshof great
success in her endeavors.
The Company also announces that, subject to TSX Venture Exchange
approval, it has granted a total of 205,000 options to consultants,
directors, and officers at an exercise price of $0.10 per common
share expiring after five years.
The options granted to consultants will vest under the Company's
normal vesting provisions, which allow for 25% of the options to
vest upon grant, with the remaining 75% to vest evenly over the
next three anniversary dates.
A portion of the options granted to directors and officers have
incentive based conditions for vesting. The initial 25% vest on
grant date and 50% will vest over the next two anniversary dates.
The remaining 25% of the options will only vest once certain
predetermined performance criteria are met. These criteria are set
by the Board of Directors.
About SnipGold
SnipGold Corp. is a Canadian junior exploration company focused
on the exploration and expansion of gold resources in northwest
British Columbia. SnipGold's board and management have significant
experience in both the discovery and development of gold projects
in this area.
On Behalf of the Board of Directors
SnipGold Corp.
John Zbeetnoff, Chief Executive Officer
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
SnipGold Corp.John
ZbeetnoffCEO604-681-3989604-681-3557info@snipgoldcorp.comwww.snipgoldcorp.com
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