TSX VENTURE EXCHANGE: WAI
VANCOUVER,
June 14, 2013 /CNW/ - West African
Iron Ore Corp. (TSX-V: WAI) West African Iron Ore Corp. ("WAI"
or the "Company") is pleased to announce that further to the news
release of May 24, 2013, the Company
has issued a total of 2,415,000 common shares to non-executive
directors pursuant to the previously announced settlement of
$241,500 in accrued directors' fees.
The shares issued are subject to a hold period expiring
October 6, 2013.
The Company also announces that it has granted
3,605,000 stock options to certain directors, officers and
employees, exercisable at a price of $0.10 per share for a period of 10 years.
About the Company:
West African Iron Ore Corporation is dedicated
to the sustainable development of its mineral resources in the
Forécariah provinces of the Republic of Guinea. We nurture a harmonious working
relationship with the local community and the Guinean authorities.
We advocate the minimization of environmental impact and the
promotion of economic opportunity for all our stakeholders.
ON BEHALF OF THE BOARD
Guy Duport
CEO
Statements in this release that are
forward-looking statements are subject to various risks and
uncertainties, certain of which are beyond the control of the
Company including, but not limited to, the impact of general
economic conditions, industry conditions, volatility of commodity
prices, risks associated with the uncertainty of exploration
results and estimates and that the resource potential will be
achieved on exploration projects, currency fluctuations, dependence
upon regulatory approvals, the uncertainty of obtaining additional
financing and exploration risk.
Readers should also refer to the specific factors disclosed
under the heading "Risk Factors" in the Company's filings with
Canadian securities regulators. Such information contained herein
represents management's best judgment as of the date hereof based
on information currently available. The Company does not assume any
obligation to update any forward-looking statements, save and
except as may be required by applicable securities laws.
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.
SOURCE West African Iron Ore Corp.