ROUYN-NORANDA, QC, Jan. 6, 2021 /CNW Telbec/ - Visible Gold Mines
Inc. (TSXV: VGD) (Frankfurt:
3V41) (OTCQX: VGMIF) is pleased to announce that
it has appointed Doug Andrews to its
geological team as special adviser. Mr. Andrews is expected to work
closely with Robert Sansfaçon, Vice President Exploration of
Visible Gold Mines, on developing and executing the company's
exploration vision. Both Mr. Andrew and Mr. Sansfacon have
extensive experience in gold exploration in the Abitibi greenstone
belt.
Mr. Andrews is a retired professional geologist with extensive
exploration experience focused on precious metal exploration. He
acts as a technical adviser for several public and private mineral
exploration companies. Mr. Andrews holds a B.Sc. in geology from
the McMaster University and a M.Sc. in
geology from the University of
Manitoba.
In connection with Mr. Andrews nomination, Visible Gold Mines
has granted to him incentive stock options to purchase up to
200,000 common shares of Visible Gold Mines pursuant to and in
accordance with the terms and conditions of Visible Gold Mines'
stock option plan. Each stock option is exercisable at a price of
$.0355 per share for a period of
three years from the date of grant and is not subject to any
vesting conditions.
In addition, the Board of Directors has today granted stock
options in respect of 750,000 common shares to Visible Gold Mines'
four directors and two consultants. The options were granted
pursuant to Visible Gold Mines' stock option plan. The exercise
price of the options is $0.355, which
is equal to the closing price of Visible Gold Mines' common shares
on the TSX Venture Exchange on Tuesday
January 5, 2021. The options will expire on January 6, 2031 and vested immediately.
About Visible Gold Mines
Visible Gold Mines is a resource company focused on acquiring
and exploring precious metals in northwestern Québec, considered
one of the world's best jurisdictions for mining and exploration.
The Company has 31 064 539 shares outstanding.
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 the release.
SOURCE Visible Gold Mines Inc.