Trillium Gold Announces Grant of Stock Options
09 March 2022 - 1:37AM
Trillium Gold Mines Inc. (TSXV: TGM) (OTCQX:TGLDF) (FRA:0702)
(“Trillium Gold” or the "Company") announces that pursuant to its
existing stock option plan, the Company has granted a total of
1,250,000 incentive stock options (each an “Option” and
collectively, the “Options”) to certain directors, officers,
employees and consultants of the Company. Each Option confers upon
its holder the right to purchase one common share in the capital of
the Company (each a “Share” and collectively, the “Shares”),
subject to vesting provisions, at a price of $0.64 per Share for a
period of five years from the date of grant. The option grant is
subject to the approval of the TSX Venture Exchange and all
regulatory approvals.
On behalf of the Board of Directors,Trillium
Gold Mines Inc.
Russell StarrChairman, President & CEO
For further information, please contact Donna
Yoshimatsu, VP Corporate Development and Investor Relations at
dyoshimatsu@trilliumgold.com, (416) 722-2456, or
info@trilliumgold.com.
Visit our website
at www.trilliumgold.com.
About Trillium Gold Mines
Inc.
Trillium Gold Mines Inc. is a growth focused
company engaged in the business of acquisition, exploration and
development of mineral properties located in the Red Lake Mining
District of Northern Ontario. As part of its regional-scale
consolidation strategy, the Company has assembled the largest
prospective land package in and around the Red Lake mining district
in proximity to major mines and deposits, as well as the
Confederation Lake and Birch-Uchi greenstone belts. Recent examples
are the acquisition of the Willis property southwest of and
contiguous to the Newman Todd complex, and a definitive agreement
giving the Company control over a significant portion of the
Confederation Lake Greenstone Belt to more than 100 km in length.
In addition, the Company has interests in highly prospective
properties in Larder Lake, Ontario and the Matagami and Chibougamau
areas of Quebec.
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.
Cautionary note regarding
forward-looking statements
This news release contains forward-looking
information, which involves known and unknown risks, uncertainties
and other factors that may cause actual events to differ materially
from current expectations.
Forward-looking information is based on
management’s reasonable assumptions, estimates, expectations,
analyses and opinions, which are based on management’s experience
and perception of trends, current conditions and expected
developments, and other factors that management believes are
relevant and reasonable in the circumstances, but which may prove
to be incorrect. Such factors, among others, include:
impacts arising from the global disruption caused by the Covid-19
coronavirus outbreak, business integration risks; fluctuations in
general macroeconomic conditions; fluctuations in securities
markets; fluctuations in spot and forward prices of gold or certain
other commodities; change in national and local government,
legislation, taxation, controls, regulations and political or
economic developments; risks and hazards associated with the
business of mineral exploration, development and mining (including
environmental hazards, industrial accidents); inability to obtain
adequate insurance to cover risks and hazards; the presence of laws
and regulations that may impose restrictions on mining; employee
relations; relationships with and claims by local communities and
indigenous populations; availability of increasing costs associated
with mining inputs and labour; the speculative nature of mineral
exploration and development (including the risks of obtaining
necessary licenses, permits and approvals from government
authorities); and title to properties.
Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date of this press release. The Company disclaims any
intention or obligation, except to the extent required by law, to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
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