TORONTO, Jan. 23, 2014 /CNW/ - Roxgold Inc. ("Roxgold" or "the Company") (TSXV: ROG) is pleased to announce that it has granted employees incentive stock options to purchase up to an aggregate of 2,645,000 common shares, of which 325,000 are exercisable on or before January 3, 2019 at a strike price of $0.49 per share while 2,320,000 options are exercisable on or before January 23, 2019 at a strike price of $0.55. The latter represents the 2014 annual grant.
Roxgold is a gold exploration and development company with its key asset, the high grade, 100% owned Yaramoko exploration permit located in the mineral-rich Houndé greenstone region of Burkina Faso, West Africa. The Company announced a Preliminary Economic Assessment in September 2013 which demonstrated attractive potential economics and is currently completing a Feasibility Study which is expected to be completed in the second quarter of 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.
Manager, Investor Relations and Corporate Communications