TORONTO, Aug. 13, 2015 /CNW/ - Roxgold Inc. ("Roxgold" or "the Company") (TSX.V: ROG) announce that it has granted incentive stock options to recently hired employees to purchase up to an aggregate of 350,000 common shares, exercisable on or before August 13, 2020 at a strike price of $0.72. The Company has also issued a total of 1,291,667 Deferred Stock Units ("DSUs") to non-executive directors as an annual award as outlined in the DSU Plan adopted in October 2012.
The Company is also pleased to announce the appointment of Toni Davies, PhD, as Manager of Investor Relations. Ms Davies has held senior roles with several publically listed mining and exploration companies, including in North America and Africa, and brings more than 7 years' experience in capital market and investor relations expertise to Roxgold. Ms Davies will be one of the key liaisons between Roxgold and the investment community. She will lead the Company's Corporate Communications function, developing and implementing external and internal strategies to enhance Roxgold's strategic vision of becoming a leading mid-tier primary gold producer.
"We are pleased to welcome Toni to our team," said John Dorward, Roxgold's CEO. "Her broad experience implementing and managing progressive, dynamic investor relations programs, paired with her strong technical background in geology will strengthen and expand our company's exposure to both retail and institutional investors."
As a geologist, Ms Davies has worked as an Exploration Geologist in Mongolia and has experience in the petroleum and coal industry, working in both governmental and private consulting agencies throughout Australia. Ms Davies obtained her PhD in Geology at James Cook University, Australia and a Bachelor of Science (Hons) majoring in Geology from the University of Adelaide.
Ms Davies was granted 150,000 stock options, part of the total aggregate of 350,000 common shares, exercisable at $0.72 per share. Pursuant to the Company's Stock Option Plan, the options will vest one-third immediately, one-third in twelve months and one-third in twenty four months.
Roxgold is a gold exploration and development company with its key asset, the high grade Yaramoko Gold Project, located in the Houndé greenstone region of Burkina Faso, West Africa. The Company is currently advancing Yaramoko's 55 Zone through development and expects to commence production in the first half of 2016. 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: Natacha Garoute, CFO & Corporate Secretary, 416-203-6401, [email protected]