Trading Symbol: TSX-V: IG
CALGARY, June 19 /CNW/ - Infinito Gold Ltd. ("the Company") announces
that it has granted incentive options under its Stock Option Plan to
directors, officers, employees and consultants entitling them to purchase up
to 3,810,000 shares in its capital. Directors and officers received 2,800,000
of the incentive options and employees and consultants received 1,010,000. The
shares are exercisable on or before June 18, 2014 at a price of $0.18 per
share. All of the options vest upon grant except for a total of 800,000 of the
options granted to the Chairman, President and the Vice President of
Operations. These options vest in two tranches upon the achievement of
milestones within certain timeframes; the first tranche of 400,000 options
vest upon re-commencement of full scale mine construction, and the second
tranche of 400,000 options vest upon the Company producing 40,000 ounces of
commercial gold production from the Company's Crucitas gold property located
in Costa Rica.
John Morgan, President
INFINITO GOLD LTD.
"The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release."
For further information:
For further information: INFINITO GOLD LTD., 216, 102 - 8th Avenue S.W.,
Calgary, Alberta, T2P 1B3, Telephone: (403) 444-5191