VANCOUVER, July 18, 2012 /CNW/ - Jazz Resources Inc. (TSXV: JZR) is
pleased to announce that a director of the Company, Jo Shearer M.Sc., P. Geo., has been
granted 400,000 incentive stock options. The options, which are subject
to the terms and conditions of Jazz's stock option plan, are at an
exercise price of $0.15 per share and will expire five years from the
grant date (July 18, 2012).
The options are subject to applicable vesting provisions and approval by
the TSX Venture Exchange. The vesting schedule will commence on July
18, 2012 with 100,000 options vesting on that date, thereafter 100,000
options will vest every four months with the last 100,000 options
vesting on July 18, 2013.
Mr. Shearer has been closely involved in the work on the Company's Teddy
Glacier and Spider Properties in B.C. Canada since 2004 and became a
director on March 1, 2012.
Mr. Shearer does not currently own any common shares of Jazz.
On behalf of the Board of Directors,
Neither 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.
This press release contains forward-looking statements. All statements,
other than statements of historical fact, constitute "forward-looking
statements" and include any information that addresses activities,
events or developments that the Company believes, expects or
anticipates will or may occur in the future including the Company's
strategy, plans or future financial or operating performance and other
statements that express management's expectations or estimates of
All such forward-looking information and statements are based on certain
assumptions and analyses made by the Company's management in light of
their experience and perception of historical trends, current
conditions and expected future developments, as well as other factors
management believes are appropriate in the circumstances. These
statements, however, are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of the Company to be
materially different from those expressed, implied by or projected in
the forward-looking information or statements. Important factors that
could cause actual results to differ from these forward-looking
statements include but are not limited to: risks related to the
exploration and potential development of the Company's projects, the
actual results of current exploration activities, conclusions of
economic evaluations, changes in project parameters as plans continue
to be refined, future prices of gold, as well as those factors
discussed in the sections relating to risk factors of the Company set
out in certain of the Company's disclosure documents filed on SEDAR.
There can be no assurance that any forward-looking statements will prove
to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, the
reader should not place any undue reliance on forward-looking
information or statements. Except as required by law, the Company does
not intend to revise or update these forward-looking statements after
the date of this document or to revise them to reflect the occurrence
of future unanticipated events.
SOURCE Jazz Resources Inc.
For further information:
JAZZ RESOURCES INC.
2394 W. Broadway
Vancouver, BC V6K 2E5
Telephone: 604 733-4830
Fax: (604) 736-8584