MONTREAL, April 13, 2017 /CNW Telbec/ - ALGOLD RESOURCES LTD. (TSX.V: ALG – the "Corporation"). The Corporation, as part of its compensation process, has granted under its stock option plan a total of 1,450,000 stock options to two officers. Of those options, 150,000 vest immediately and another 150,000 vest on each of the second and third anniversaries of the date of the grant. The remaining 1,000,000 options will vest upon meeting of specific corporate milestones. The options expire after 10 years and exercisable at a price of $0.25.
Algold Resources Ltd is focused on the exploration and development of gold deposits in West Africa. The board of directors and management team are seasoned resource industry professionals with extensive experience in the exploration and development of world-class gold projects in Africa.
CAUTIONARY LANGUAGE REGARDING FORWARD-LOOKING INFORMATION
This press release contains and refers to forward-looking information based on current expectations. All other statements other than statements of historical fact included in this release are forward-looking statements (or forward-looking information). The Corporation's plans involve various estimates and assumptions and its business is subject to various risks and uncertainties. For more details on these estimates, assumptions, risks and uncertainties, see the Corporation's most recent Management Discussion and Analysis on file with the Canadian provincial securities regulatory authorities on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and there can be no assurance that such statements will prove to be accurate. Forward-looking statements are subject to significant risks and uncertainties, and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements that are included herein, except in accordance with applicable securities laws.
SOURCE Algold Resources Ltd.
For further information: Algold Resources Ltd., 1320, boul. Graham, bureau 132, Mont-Royal, Québec, H3P 3C8, www.algold.com; François Auclair M.Sc., PGeo, President and CEO, [email protected], (514) 889 5089; Yves Grou, CPA CA, Executive Vice Chairman, [email protected], (514) 237 7757