TORONTO, Dec. 4, 2013 /CNW/ - Galway Metals Inc. (TSX-V: GWM) ("Galway Metals" or the "Company") is pleased to announce that it has awarded 4.8 million incentive stock
options exercisable at C$0.10 per common share and expiring on December
4, 2023, to officers, directors, employees and consultants of the
Company. This is the first grant of options and is in compliance with
terms of the Company's Stock Option Plan and remains subject to
acceptance by the TSX Venture Exchange.
Galway Metals is well capitalized with $11.2 million in cash at
September 30, 2013. The Company began trading on January 4, 2013, after
the successful spinout to existing shareholders of Galway Resources
following the completion of the $340 million sale of that company,
which closed in December 2012.
Neither the TSX-V nor its regulation services provider (as that term is
defined in the policies of the TSX-V) accepts responsibility for the
adequacy or accuracy of this release.
Forward Looking Statements:
Certain statements contained in this release containing words like
"believe", "intend", "may", "will", "expect", "would" and other similar
expressions, are forward-looking statements that involve a number of
risks and uncertainties. Statements in this release that are
forward-looking statements are subject to various risks and
uncertainties. Such information contained herein represents
management's best judgment as of the date hereof based on information
currently available. Galway Gold does not assume the obligation to
update any forward-looking statement, except as required by law.
SOURCE: Galway Metals Inc
For further information:
Galway Metals Inc.