Lions Gate Metals Inc. Grants Stock Options
10 April 2012 - 2:26AM
Marketwired Canada
Lions Gate Metals Inc. (TSX VENTURE:LGM) ("Lions Gate" or the "Company")
announces that a total of 251,000 incentive stock options have been granted to
directors, officers, consultants and employees of the Company pursuant to the
Company's Stock Option Plan. The stock options are exercisable for a period of 5
(five) years at a price of $0.66 per share. The stock option grants are subject
to regulatory approval.
About Lions Gate Metals
Lions Gate Metals is a Canadian based, junior resource company focused on the
exploration, development, and acquisition of copper and copper-focused
multi-mineral projects. The Company boasts one of the largest consolidated
property portfolios of any Canadian junior resource company, including the
77,705 hectare Poplar copper-gold-silver porphyry property located 35km
northeast of the Huckleberry mine operated by Imperial Metals Corp
(proven/probable 39.7 million tonnes grading 0.343% copper: aggregate production
to Dec 31, 2010 approximately 870.0 million pounds copper, 8.0 million pounds
molybdenum, 105,000 ounces gold and 3.4 million ounces silver) in west-central
British Columbia, and the 6,900 hectare ROK-Coyote copper-gold porphyry property
contiguous with Imperial Metal's Red Chris copper-gold project in northwestern
British Columbia. Poplar and ROK-Coyote are the primary focus of the 2012
Exploration Program.
Sincerely on behalf of the Board of Directors,
Arni Johannson, Chairman, Lions Gate Metals Inc.
Forward-Looking Statements
Statements in this release that are forward-looking statements, including
statements subject to various risks and uncertainties concerning the specific
factors identified in the Company's periodic filings with Canadian Securities
Regulators. These factors include the inherent risks involved in the exploration
and development of mineral properties, the uncertainties involved in
interpreting drill results and other exploration data, the potential for delays
in exploration or development activities, the geology, grade and continuity of
mineral deposits, the possibility that future exploration, development or mining
results will not be consistent with the Company's expectations, accidents,
equipment breakdowns, title matters, labor disputes or other unanticipated
difficulties with or interruptions in production and operations, fluctuating
metal prices, the possibility of project cost overruns or unanticipated costs
and expenses, uncertainties relating to the availability and costs of financing
needed in the future, the inherent uncertainty of production and cost estimates
and the potential for unexpected costs and expenses, commodity price
fluctuations, currency fluctuations, regulatory restrictions, including
environmental regulatory restrictions and liability, competition, loss of key
employees, legal, political or environmental factors that may influence future
events or conditions, and other related risks and uncertainties. The Company
undertakes no obligation to update forward-looking information except as
required by applicable law. Such forward-looking information represents
management's best judgment based on information currently available. No
forward-looking statement can be guaranteed and actual future results may vary
materially. Accordingly, readers are advised not to place undue reliance on
forward-looking statements or information.
Lions Gate Metals Inc. (TSXV:LGM)
Historical Stock Chart
From Oct 2024 to Nov 2024
Lions Gate Metals Inc. (TSXV:LGM)
Historical Stock Chart
From Nov 2023 to Nov 2024
Real-Time news about Lions Gate Metals Inc. (TSX Venture Exchange): 0 recent articles
More Lions Gate Metals Inc. News Articles