Listed (TSX:LAM; ASX:LAM)
TORONTO, Dec. 4, 2015 /CNW/ - Marc Henderson, Chief Executive Officer and President of Laramide Resources Ltd. (TSX:LAM) ("Laramide"), announces that on December 4, 2015, he acquired ownership and control over 100,000 common shares (the "Acquired Shares") of Laramide, which together with Mr. Henderson's existing holdings of 8,419,597 common shares is approximately 10.04% of the issued and outstanding common shares of Laramide. Further, including Mr. Henderson's 381,442 common share purchase warrants and 875,000 stock options and assuming the exercise of the warrants and options, the total is approximately 11.36% of the issued and outstanding common shares of Laramide. The Acquired Shares were purchased through the exercise of stock options at a price of $0.30 per Acquired Share.
The Acquired Shares were acquired for investment purposes. Mr. Henderson has a long-term view of the investment and may acquire additional common shares of Laramide either on the open market, through the exercise of stock options or through private acquisitions or sell the common shares on the open market or through private dispositions in the future, depending on market conditions, reformulation of plans and/or other relevant factors.
For further details relating to the acquisition, an early warning report (the "Report") will be filed on December 7, 2015 and a copy of the Report will be available on SEDAR.
To learn more about Laramide, please visit the Company's website at www.laramide.com.
SOURCE Laramide Resources Ltd.
For further information: Greg Ferron, Vice-President, Investor Relations, Toronto, Canada +1 (416) 599 7363