TORONTO, Dec. 8, 2014 /CNW/ - Roxgold Inc. ("Roxgold" or "the Company") (TSX.V: ROG) is pleased to announce that it has granted incentive stock options to recently hired employees to purchase up to an aggregate of 725,000 common shares, exercisable on or before December 8, 2019 at a strike price of $0.61.
Furthermore, the Company has issued 130,000 Restricted Stock Units ("RSUs") to a recently appointed member of the senior management team. Vesting of the RSUs is subject to a number of performance milestones associated with the advancement of the Yaramoko Gold Project and will expire December 31, 2017.
Roxgold is a gold exploration and development company with its key asset, the high grade, 100% owned Yaramoko Gold Project located in the Houndé greenstone region of Burkina Faso, West Africa. The Company is currently advancing Yaramoko's 55 Zone through permitting and, subject to making a positive construction decision, expects to commence development thereafter. Roxgold trades on the TSX Venture Exchange under the symbol ROG.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
SOURCE: Roxgold Inc.
For further information: Annelise Burke, Manager, Investor Relations and Corporate Communications, 416-203-6401, [email protected]