TORONTO, June 5, 2014 /CNW/ - Roxgold Inc. (ROG: TSX.V) ("Roxgold" or
the "Company") announces that it has issued 2,700,000 Restricted Share
Units ("RSUs") to senior management. The RSUs were granted in
accordance with Roxgold's Restricted Share Unit Plan and are subject to
More specifically, the grant consists of a base amount of 1,800,000
units with vesting subject to a number of performance milestones
associated with the advancement of the Yaramoko Gold Project from
development to production. The remaining bonus units represent 50% of
the base grant vesting subject to performance conditions.
Roxgold is a gold exploration and development company with its key
asset, the high grade, 100% owned Yaramoko Gold Project located in the
Houndé greenstone region of Burkina Faso, West Africa. The Company is
currently advancing Yaramoko's 55 Zone through permitting and, subject
to making a positive construction decision, expects to commence
development in Q4 2014. Roxgold trades on the TSX Venture Exchange
under the symbol ROG.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release."
SOURCE: Roxgold Inc.
For further information:
Manager, Investor Relations and Corporate Communications