HALIFAX, July 12, 2016 /CNW/ - Stockport Exploration Inc. (TSXV: SPT) ("Stockport" or, the "Company") announces that the board of directors of the Company has approved the granting of 1,750,000 incentive stock options (the "Options") pursuant to the Company's Stock Option Plan. Directors, officers, employees, and consultants were awarded 1,050,000, 200,000, 200,000, and 300,000 stock options respectively. The Options are exercisable at a price of $0.05 per share, expire on July 11, 2021 and vest over twenty-four months.
About Stockport Exploration Inc.:
Stockport is focused on the exploration of a district-scale land package along a prolific gold-hosting greenstone belt in southwest Kenya. The property package has potential to host various mineral deposit types, the most prominent being those of Lode-Gold and Copper-Zinc-Gold-Silver massive sulphide association. Stockport also holds the La Morena Copper-Silver property in Coahuila, Mexico, and the KM61 property, which hosts a National Instrument 43-101 compliant Molybdenum-Copper-Silver resource, also near Armstrong, Ontario.
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 future production, reserve potential, continuity of mineralization, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes that 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. For more information on the Company and the risk factors inherent in its business, investors should review the Company's Annual Information Form at www.sedar.com
SOURCE Stockport Exploration Inc.
For further information: STOCKPORT EXPLORATION INC.: Jim Megann, President and CEO, (902) 482-1240, [email protected], www.stockportexploration.com