TORONTO, Aug. 20, 2014 /CNW/ - Red Tiger Mining Inc., (TSXV-RMN), (the "Company") is pleased to announce the appointment of Mr. David Lurie as a new member of the Board of Directors of the Company. Mr. Lurie has been the Company's Chief Financial Officer and Corporate Secretary since October 1, 2012.
The Company also announces that today it has granted options to certain directors, officers and employees to purchase 1,865,000 common shares of the Company, each at a strike price of $0.18 and having a term of five years.
Red Tiger's stock option plan permits 9% of the Company's issued and outstanding shares to be reserved for issuance. As of today, an aggregate of 5,490,000 shares are reserved for issuance pursuant to options granted and outstanding under the stock option plan.
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.
SOURCE: Red Tiger Mining Inc.
For further information: Red Tiger Mining Inc., 320 Bay Street, Suite 1520, Toronto, ON, M5H 4A6, Fax: 416-637-2305, [email protected], www.redtigermining.com; Robert Wunder, President and CEO, Tel.: +1 52 662 311 8839, [email protected]; David Lurie, CFO and Secretary, Tel.: 416-637-1517 x 107, [email protected]