info@westerngoldexploration.com
www.westerngoldexploration.com
TSX Venture: WGLD
NORTH BERWICK, Scotland,
Dec. 8, 2020 /CNW/ - WESTERN
GOLD EXPLORATION LTD. (TSX-V: WGLD) (the "Company")
announces the grant of incentive stock options to acquire a total
of 1,775,000 common shares ("Common Shares") of the Company
at an exercise price of $0.50 per
share, such options to vest as to one-half immediately and the
remaining one-half on December 8,
2021. The options expire five years from the date of grant.
Options to acquire 1,500,000 Common Shares were granted to
directors and officers of the Company and options to acquire
275,000 Common Shares were granted to consultants of the
Company.
About Western Gold Exploration
The Company is an exploration company that is listed on the TSX
Venture Exchange under the symbol "WGLD". The Company is focused on
the exploration of mineral properties in Western Scotland and discovering new
opportunities in the Dalradian Belt, targeting historic mines with
gold and copper occurrences in the area to develop an initial
resource estimate. Preliminary prospects include the
Stronchullin mine, Gossan Burn and Allt Dearg which are all located
in the Knapdale District.
Additional information about the Company is available on SEDAR
at www.sedar.com under the Company's profile.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
STATEMENTS: This news release includes certain
"forward-looking statements" under applicable Canadian securities
legislation. Forward-looking statements include, but are not
limited to, statements with respect to the vesting and expiry of
options granted by the Company and other information concerning
future events or the intentions, plans and future action of the
Company that may be described herein. Forward-looking statements
consist of statements that are not purely historical, including any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Such information can generally be identified
by the use of forwarding-looking wording such as "may", "expect",
"estimate", "anticipate", "intend", "believe" and "continue" or the
negative thereof or similar variations. Readers are cautioned not
to place undue reliance on forward-looking statements, as there can
be no assurance that the plans, intentions or expectations upon
which they are based will occur.
By their nature, forward-looking statements involve numerous
assumptions, known and unknown risks and uncertainties, both
general and specific, that contribute to the possibility that the
predictions, estimates, forecasts, projections and other
forward-looking statements will not occur. These assumptions, risks
and uncertainties include, among other things, the state of the
economy in general and capital markets in particular, as well as
those risk factors discussed or referred to in the Company's
Management's Discussion and Analysis for the period ended
September 30, 2020 available at
www.sedar.com, many of which are beyond the control of the Company.
Forward-looking statements contained in this press release are
expressly qualified by this cautionary statement.
The forward-looking statements contained in this press
release are made as of the date of this press release. Except as
required by law, the Company disclaims any intention and assumes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
Additionally, the Company undertakes no obligation to comment on
the expectations of, or statements made by, third parties in
respect of the matters discussed above.
Neither the TSX Venture Exchange nor its Regulation
Service 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 Western Gold Exploration Ltd
