Stock Symbol: SGF: TSX
SASKATOON, June 8, 2015 /CNW/ - Shore Gold Inc. ("Shore" or the "Company") announces that the Board of Directors of Shore has approved a minor amendment to the Amended and Restated Stock Option Plan (the "Plan") of the Company. The amendment provides that the total annual grant of options to any non-employee director cannot exceed a grant value of $100,000. The Toronto Stock Exchange has conditionally approved the amended Plan, subject to the standard conditions of TSX, including requisite shareholder approval of the plan. The proposed amendment was made in part to address comments raised by Institutional Shareholder Services Inc. ("ISS") in the course of its consideration of the Plan. The terms of the Plan are described in the Information Circular for the June 16, 2015 annual general and special meeting of shareholders.
Shore intends to seek approval of this amendment when the Plan is considered by shareholders at the annual general and special meeting to be held on June 16, 2015.
Caution Regarding Forward-Looking Statements
This news release contains forward-looking statements as defined by certain securities laws, including the "safe harbour" provisions of Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "believe", "expect", "plan", "intend", "forecast", "target", "project", "guidance", "may", "will", "should", "could", "estimate", "predict" or similar words suggesting future outcomes or language suggesting an outlook.
Forward-looking statements contained in or implied by this press release include, but are not limited to, the belief that the amendment will address ISS's concerns and that the Amended and Restated Stock Option Plan will be approved at the meeting.
These forward-looking statements are based on Shore's current beliefs as well as assumptions made by and information currently available to it and involve inherent risks and uncertainties, both general and specific. Risks exist that forward-looking statements will not be achieved due to a number of factors.
Although management considers the assumptions contained in forward-looking statements to be reasonable based on information currently available to it, those assumptions may prove to be incorrect. When making decisions with respect to Shore, investors and others should not place undue reliance on these statements and should carefully consider the foregoing factors and other uncertainties and potential events. Unless required by applicable securities law, Shore does not undertake to update any forward-looking statement that is made herein.
SOURCE Shore Gold Inc.
For further information: [email protected] or (306) 664-2202, www.shoregold.com