MGold Grants Options
09 November 2011 - 7:26AM
Marketwired
MGold Resources Inc. ("MGold" or the "Corporation") (TSX
VENTURE:MNI) has granted 50,000 incentive stock options (each an
"Option") to a director of the Corporation. One-fourth of the
Options will be vested on the date of the grant and one-fourth will
vest over every six-month period thereafter. Each Option shall
entitle its holder thereof to purchase one common share of the
Corporation's share capital (each a "Common Share") at a price of
$0.125 per Common Share for a period ending five years following
the date of grant. This grant of Options is made in compliance with
the terms of the Corporation's stock option plan and remains
subject to applicable filings with the TSX Venture Exchange.
About MGold
MGold is engaged in mineral exploration for precious and base
metals. The Corporation is party to an option agreement entitling
it to earn a 50% undivided interest in each of the Silver Queen and
Klondyke properties located in Esmeralda County, Nevada, both of
which are prospective for silver and gold. The Corporation also
holds a 100% interest in the Burchell Lake Property which is
prospective for gold, copper, and molybdenum, in the Shebandowan
area of Northwestern Ontario.
Neither 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 this release.
Contacts: MGold Resources Inc. Joel Scodnick President and Chief
Executive Officer (705) 522.4439 (705) 522.8694
(FAX)joelscodnick@me.com MGold Resources Inc. Marc Poitras Chief
Financial Officer and Director (705) 222-1700 (705) 222-1701
(FAX)marc@poitrasca.ca
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