Redstar Gold Corp Grants Options
Vancouver BC / TNW-ACCESSSWIRE / October 29th, 2014 / Redstar Gold Corp. (TSX.V:RGC) ("Redstar" or the "Company") reports that, subject to regulatory approval, it has granted 1,600,000 incentive stock options to certain directors of the Company.
The options have been granted under the terms of the Company's stock option plan and are exercisable at a price of C$0.06 per share. The options vest in four equal tranches: the first on the date of grant, then six, twelve and 18 months after the date of grant, with a five year term.
About RedStar Gold Corp.
Redstar is a junior exploration company focused on high-grade gold exploration in North America. Each of Redstar and Confederation Minerals Ltd. owns 50% of the Newman Todd Gold project, in Red Lake, Ontario, Canada. In Alaska, the Company is exploring the high-grade Unga Project, which was acquired initially in 2011. At Unga, a comprehensive exploration program commenced in late July, 2014 and results are expected to be used to determine drill targets for a first phase diamond drill program. Additionally, the Company has ten properties in Nevada, which have been optioned to True Grit Resources Ltd.
On Behalf of the Board,
Redstar Gold Corp.
"Toby Mayo"
Toby Mayo
President and CEO
--------------------------------------------------------------
|TSX.V:RGCWWW.REDSTARGOLD.COM|CORPORATE INQUIRIES |
|SUITE 615 |Redstar Gold Corp. |
|800 WEST PENDER STREET |Paul Durham, Investor Relations|
|VANCOUVER, BC |Tel: 203.940.2538 |
|TEL: 604.488.0051 |pdurham@redstargold.com |
--------------------------------------------------------------
Forward-Looking Information This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Redstar Gold Corp. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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 news release.
Copyright (c) 2014 TheNewswire - All rights reserved.
