Allocation of Stock Options to Rebecca Greco, Investor Relations

/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES/

TSX Venture Exchange: PMV
Australian Securities Exchange: PVM
Frankfurt: PN3N.F

VANCOUVER, Nov. 21, 2011 /CNW/ - PMI Gold Corporation (TSX-V: PMV) (ASX: PVM) (the "Company") is pleased to update the market that pursuant to the agreement appointing Ms Rebecca Greco to manage investor relations for the Company (announced 7 September 2011), the Board has approved the issue of Company stock options based on the following terms:

  • 200,000 stock options at an exercise price of C$1.17 per share based on the closing price of the TSX on 18 November 2011, exercisable in whole or in part on or before November 19, 2016.
  • Vesting as per the following:
          a.     70,000 shares on September 1, 2012 (being the first anniversary date of completion of 12 months of the Consultant's employment);
          b.     an additional 70,000 shares on September 1, 2013 (being the second anniversary date of completion of 24 months of the Consultant's employment); and
          c.     an additional 60,000 shares on September 1, 2014 (being the third anniversary date of completion of 36 months of the Consultant's employment);
  • The options are issued pursuant to the terms and conditions of the Company's Stock Option Plan.
  • The options are subject to receipt of approval from the TSX Venture Exchange.

Ms. Greco manages the investor relations and shareholder communication service with a focus on expanding the PMI's visibility and profile within the investment community.

On behalf of the Board,
"Collin Ellison"
Managing Director & CEO

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.

 

SOURCE PMI Gold Corporation

For further information:

Investor Relations Canada:

Investor Relations Australia:
Rebecca Greco, Fig House Communications
Nicholas Read/Paul Armstrong, Read Corporate
P. +1 (416) 822-6483
P. +61 8 9388 1471
E. fighouse@yahoo.com
M. +61 419 929 046
   
PMI Contact Canada:

PMI Contact Australia:
Marion McGrath, Corporate Secretary
Collin Ellison, Managing Director & CEO
+1 (604) 684-6264
P. +61 8 6188 7900
Toll-Free: 1 (888) 682-8089
 
or visit the PMI Gold Corporation website at www.pmigoldcorp.com

 

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PMI Gold Corporation

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