Beaufield: Amendment to Stock Option Plan and Grant
MONTREAL, QUEBEC--(Marketwired - May 13, 2015) - Beaufield Resources Inc. ("Beaufield") (TSX VENTURE:BFD) announces an amendment to its stock option plan (the "Plan") to change the minimum exercise price for options granted from $0.10 to $0.05 per share, consistent with the policy of the TSX Venture Exchange.
In addition the Board of Directors has approved the granting of options for 2,225,000 common shares of the Corporation to its Directors, Officers and an employee under the Plan. The options vest immediately, are exercisable at $0.05 per option and have a term of 5 years. After the grant, the total number of outstanding options under the Plan is 9,425,000 or approximately 8.5% of the outstanding shares.
About Beaufield
Beaufield is a mineral exploration company with its exploration activity focused in Quebec, on its Urban gold property where a drill program is planned in 2015, on its Tortigny copper, zinc property where an updated National Instrument 43-101 resource calculation has been completed and on its Eleonore-Opinaca gold property, adjoining Goldcorp's Eleonore mine.
Beaufield is well positioned to advance its portfolio of exploration properties and to identify other potential opportunities at the mineral exploration or development stage. The Corporation is actively exploring, well financed with approximately $3 million in cash, has no debt and has excess work credits on its properties.
The information set forth in this press release includes certain forward-looking statements. Such statements are based on assumptions exposed to major risks and uncertainties. Although Beaufield deems the expectations reflected in these forward-looking statements to be reasonable, the Corporation cannot provide any guarantee as to the materialization of the expectations reflected in these forward-looking statements. The Corporation expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.
Contact
Jens E. Hansen
President and CEO
514.842.3443
514.842.3306
info@beaufield.com
www.beaufield.com
