SASKATOON, Nov. 30, 2015 /CNW/ - Golden Band Resources Inc. ("Golden Band" or the "Company") (TSXV: GBN) announces that pursuant to its Incentive Stock Option Plan, it has granted incentive stock options to a new director of the Company to purchase up to 1,000,000 common shares in the capital stock of the Company. The options vest in 50% increments with half vesting immediately and the balance vesting in 12 months from date of grant. The options are exercisable at a price of $.07 per share for a period of five years from the date of grant.
About Golden Band
Golden Band Resources Inc. is a gold producer operating in the La Ronge gold belt in northern Saskatchewan and is listed on the TSX Venture Exchange in Canada under the symbol GBN. Commercial production was declared on April 1, 2011. The Company has recently suspended mining operations (see news release of June 30, 2014) but has been actively exploring the La Ronge Gold Belt since 1994 and has assembled a land package of 870 km2, including 13 known gold deposits and five former producing mines, being Jolu, Decade, Star Lake, EP and Komis (the La Ronge Project area).
On behalf of the Board of Directors of Golden Band Resources Inc.,
Paul Saxton, CEO
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 Golden Band Resources Inc.
For further information: Investor Relations: 604-682-6852, Email: [email protected], www.goldenbandresources.com