COQUITLAM, BC, Aug. 11 /CNW/ - Alpha Gold Corporation ("Alpha Gold" or the "Company") announced today that, subject to TSX Venture Exchange approval, the Company has granted a total of 1,950,000 new stock options to Directors, Officers and select consultants. Directors and Officers have been granted an aggregate of 1,100,000 options exercisable at $0.10 per share; certain consultants have been awarded 350,000 options exercisable at $0.10 vesting according to schedules that follow the dictates of the Company's Stock Option Plan.
CHF Investor Relations, the Company's IR counsel, has been granted 500,000 options also exercisable at $0.10 with no more than 25% vesting in any three-month period. In the event of CHF's termination, any unexercised options will be cancelled after 30 days.
All grants are valid for five years.
About Alpha Gold Corporation
Alpha Gold is a mineral exploration company whose 100%-owned, royalty-free, Lustdust Property is advantageously situated with nearby road and rail access in north-central British Columbia. Lustdust consists of 17 contiguous mineral claims covering 8,560 hectares and contains twelve known mineralized areas, of which the copper-gold-silver Canyon Creek Skarn Deposit has a NI 43-101 compliant resource. Alpha Gold Corporation has approximately 45.8 million shares issued and outstanding, 49.9 million fully diluted. Shares are listed on the TSX Venture Exchange under the symbol "ALQ".
- As per Richard Whatley, MEng, PEng, CEO, President and Director, Alpha Gold Corporation
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SOURCE ALQ Gold Corp.
For further information: For further information: please visit www.alphagold.bc.ca or contact: CHF Investor Relations, Cathy Hume, CEO, T: 416-868-1079 x231, E: firstname.lastname@example.org