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TORONTO, March 28, 2013 /CNW/ - Parkside Resources Corporation (TSX-V: PKS) (the "Company") is pleased to announce the grant of 150,000 incentive stock options under its incentive stock option plan to new director, James Macintosh on February 15, 2013. The options are exercisable at a price of $0.12 per share for a period of five years from the date of grant.
The Company also announces that it has entered into a consulting agreement dated effective February 11, 2013 with former director, Nikolaos Tsimidis to provide advice and support services on an as needed basis. As a result, the 322,300 incentive stock options, exercisable at a price of $0.10 per share, previously granted to Mr. Tsimidis will now expire on February 11, 2014.
Finally, the Company is pleased to announce that it has applied to, and has received the approval of, the TSX Venture Exchange for a 30 day extension to complete the non-brokered private placement financing announced on February 15, 2013, for gross proceeds of up to $500,000, extending the financing period to April 30, 2013.
Closing of the financing is subject to receipt of applicable regulatory approvals including approval of the TSX Venture Exchange. The securities issuable in connection with the financing will be subject to resale restrictions for a period of four months plus one day from the closing date.
This press release is not an offering of securities for sale in the United States. The common shares have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of that Act.
About Parkside Resources Corporation
Parkside Resources Corporation is a Canadian based mineral exploration company dedicated to building shareholder value through focused exploration, discovery and development of high quality precious and base metal projects. The Company has entered into an Option and Joint Venture Agreement with Benton Resources Corporation to explore the Forester Lake Gold Property which is located approximately 100km north of Pickle Lake, Ontario and roughly 35km southeast of Goldcorp's Musselwhite Gold Mine. Incorporated in 2005, Parkside Resources Corporation is a reporting issuer in the provinces of British Columbia and Alberta, the common shares of which are listed for trading on the TSX Venture Exchange under the symbol TSX-V: PKS.
Neither the 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.
Forward Looking and other Cautionary Information
This release includes certain statements that may be deemed "forward‐looking statements". All statements in this release, other than statements of historical facts that address exploration drilling, exploitation activities and other related events or developments are forward‐looking statements. Although the Company believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward looking statements. Factors that could cause actual results to differ materially from those in forward‐looking statements include market prices, exploration and exploitation successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward‐looking statements.
SOURCE: Parkside Resources Corporation
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