VANCOUVER, Feb. 7 /CNW/ - Evolving Gold Corp. (TSX: EVG) (FSE: EV7) (the "Company") announces that as part of its long-term incentive and
retention program for directors and officers, the Board of Directors of
the Company has approved the grant of 500,000 options to Charles E.
Jenkins, the company's incoming Chief Financial Officer, exerciseable
at $0.97 per option, and 1,600,000 options to directors and officers
exerciseable at $0.94 per option. The options granted were priced at
the 5-day volume weighted average trading price of the Company's common
shares on the TSX Exchange for the five trading days prior to the grant
date. The options have a five year term, and vest over a period of one
year from the grant date.
About Evolving Gold Corp.
Evolving Gold is focused on exploring its gold discovery at Rattlesnake
Hills, Wyoming, an alkalic gold system, similar to the Cripple Creek
gold district in Colorado, and on four gold properties in and adjacent
to the productive Carlin district of northern Nevada, two of which are
100% controlled by Evolving Gold.
For more information about Evolving Gold please visit: www.evolvinggold.com. To receive regular updates or to receive a follow-up call from
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On Behalf of the Board of Directors
EVOLVING GOLD CORP.
CEO and Director
FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, which address
future events and conditions, which are subject to various risks and
uncertainties. The Company's actual results and financial position
could differ materially from those anticipated in such forward-looking
statements as a result of numerous factors, some of which may be beyond
the Company's control. These factors include: results of exploration
activities and development of mineral properties, fluctuations in the
marketplace for the sale of minerals, the inability to implement
corporate strategies, the ability to obtain financing, currency
fluctuations, general market and industry conditions and other risks
disclosed in the Company's filings with Canadian Securities Regulators.
Forward-looking statements are based on the expectations and opinions of
the Company's management on the date the statements are made. The
assumptions used in the preparation of such statements, although
considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed on
forward-looking statements. The Company expressly disclaims any
intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise, except as required by law. We seek safe harbour.
SOURCE Evolving Gold Corporation
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