Stock Symbol: SGF: TSX
SASKATOON, June 8, 2015 /CNW/ - Shore Gold Inc.
("Shore" or the "Company") announces that the Board
of Directors of Shore has approved a minor amendment to the Amended
and Restated Stock Option Plan (the "Plan") of the Company.
The amendment provides that the total annual grant of options to
any non-employee director cannot exceed a grant value of
$100,000. The Toronto Stock Exchange
has conditionally approved the amended Plan, subject to the
standard conditions of TSX, including requisite shareholder
approval of the plan. The proposed amendment was made in part
to address comments raised by Institutional Shareholder Services
Inc. ("ISS") in the course of its consideration of the
Plan. The terms of the Plan are described in the Information
Circular for the June 16, 2015 annual
general and special meeting of shareholders.
Shore intends to seek approval of this amendment when the Plan
is considered by shareholders at the annual general and special
meeting to be held on June 16,
2015.
Caution Regarding Forward-Looking Statements
This news release contains forward-looking statements as defined
by certain securities laws, including the "safe harbour" provisions
of Canadian securities legislation and the United States Private
Securities Litigation Reform Act of 1995. Forward-looking
information is often, but not always, identified by the use of
words such as "anticipate", "believe", "expect", "plan", "intend",
"forecast", "target", "project", "guidance", "may", "will",
"should", "could", "estimate", "predict" or similar words
suggesting future outcomes or language suggesting an outlook.
Forward-looking statements contained in or implied by this press
release include, but are not limited to, the belief that the
amendment will address ISS's concerns and that the Amended and
Restated Stock Option Plan will be approved at the meeting.
These forward-looking statements are based on Shore's current
beliefs as well as assumptions made by and information currently
available to it and involve inherent risks and uncertainties, both
general and specific. Risks exist that forward-looking statements
will not be achieved due to a number of factors.
Although management considers the assumptions contained in
forward-looking statements to be reasonable based on information
currently available to it, those assumptions may prove to be
incorrect. When making decisions with respect to Shore, investors
and others should not place undue reliance on these statements and
should carefully consider the foregoing factors and other
uncertainties and potential events. Unless required by applicable
securities law, Shore does not undertake to update any
forward-looking statement that is made herein.
SOURCE Shore Gold Inc.