Samco Announces Grant of Options to New Director
05 June 2014 - 2:42AM
Marketwired
Samco Announces Grant of Options to New Director
TORONTO, ONTARIO--(Marketwired - Jun 4, 2014) - Samco Gold
Limited (TSX-VENTURE:SGA) ("Samco" or the "Company") today
announced that it has granted incentive stock options for the
purchase of up to 200,000 common shares of the Company at an
exercise price of $0.17 per share for a five-year period to a new
director of the Company.
About Samco Gold Limited
Samco Gold's principal business is the acquisition, exploration
and development of precious metals resource properties in
Argentina. The Company's principal mineral property is the El
Dorado Monserrat ("EDM") epithermal gold project, located in
the Deseado Massif region of Santa Cruz Province, Argentina. With
an experienced board and management team including a strong
Argentinean complement, the Company's goal is to become an
Argentinean producer of gold and silver through the exploration and
development of EDM. Samco Gold also owns a portfolio of other
mineral exploration properties in the Deseado Massif.
Additional details on the Company are available on SEDAR
(www.sedar.com).
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 this
release.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements.
Forward-looking statements involve known and unknown risks,
assumptions, future events, conditions, uncertainties and other
factors which may cause the actual results, performance or
achievements to be materially different from any future results,
prediction, projection, forecast, performance or achievements
expressed or implied by the forward-looking statements. Such
factors include, among others, ability to obtain or delays in
securing project financing; changes in EDM project parameters as
plans continue to be refined; future prices of gold and silver;
possible variations in grade or recovery rates; failure of
equipment or processes to operate as anticipated; labour disputes
and other risks of the mining industry; delays in obtaining
governmental approvals or in the completion of exploration, as well
as those factors disclosed in Samco Gold's disclosure documents
publicly available under the Company's profile on the SEDAR website
at www.sedar.com. Although Samco Gold has attempted to identify
important factors that could cause actual actions, events or
results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements. The Company does not intend, and does
not assume any obligations, to update forward-looking statements,
whether as a result of new information, future events or otherwise,
unless otherwise required by applicable securities laws.
Samco Gold LimitedCharles KoppelExecutive Chairman and Chief
Executive Officer+44 (0) 20 7647 2532ck@samcogold.comBell
PottingerDaniel TholeMarianna BowesFinancial Communications+44 (0)
20 7861 3232
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