TSX VENTURE EXCHANGE: WAI
VANCOUVER, June 14, 2013 /CNW/ - West African Iron Ore Corp. (TSX-V: WAI) West African Iron Ore Corp. ("WAI" or the "Company") is pleased to
announce that further to the news release of May 24, 2013, the Company
has issued a total of 2,415,000 common shares to non-executive
directors pursuant to the previously announced settlement of $241,500
in accrued directors' fees. The shares issued are subject to a hold
period expiring October 6, 2013.
The Company also announces that it has granted 3,605,000 stock options
to certain directors, officers and employees, exercisable at a price of
$0.10 per share for a period of 10 years.
About the Company:
West African Iron Ore Corporation is dedicated to the sustainable
development of its mineral resources in the Forécariah provinces of the
Republic of Guinea. We nurture a harmonious working relationship with
the local community and the Guinean authorities. We advocate the
minimization of environmental impact and the promotion of economic
opportunity for all our stakeholders.
ON BEHALF OF THE BOARD
Statements in this release that are forward-looking statements are
subject to various risks and uncertainties, certain of which are beyond
the control of the Company including, but not limited to, the impact of
general economic conditions, industry conditions, volatility of
commodity prices, risks associated with the uncertainty of exploration
results and estimates and that the resource potential will be achieved
on exploration projects, currency fluctuations, dependence upon
regulatory approvals, the uncertainty of obtaining additional financing
and exploration risk.
Readers should also refer to the specific factors disclosed under the
heading "Risk Factors" in the Company's filings with Canadian
securities regulators. Such information contained herein represents
management's best judgment as of the date hereof based on information
currently available. The Company does not assume any obligation to
update any forward-looking statements, save and except as may be
required by applicable securities laws.
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.
SOURCE: West African Iron Ore Corp.
For further information:
Vanguard Shareholder Solutions
Toll Free: 1-866-638-0824