Goldstar Minerals Announces Approval of New Stock Option Plan
MONTRÉAL, May 10, 2018 (GLOBE NEWSWIRE) --
NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWSWIRE SERVICES
Goldstar Minerals Inc. (TSX-V:GDM) (“Goldstar” or the “Company”) announces that its board of directors has approved a new “rolling 10%” stock option plan (the “New Plan”) subject to the approval of the Company’s shareholders and the TSX Venture Exchange.
The New Plan will be submitted to the Company’s shareholders for approval at its upcoming Annual and Special Meeting of shareholders to be held on June 27, 2018. Any stock options granted pursuant to the New Plan after the date hereof and prior to shareholder approval will also be subject to, and will not be exercisable until, shareholder approval has been obtained. If such approval is not obtained, the stock options granted under the New Plan will terminate.
The New Plan will replace the Company’s “fixed number” stock option plan. Pursuant to the New Plan, the board of directors may grant stock options to directors, officers, employees, and consultants of the Company up to a maximum of 10% of the total number of shares of the Company issued and outstanding from time to time, less the 4,037,708 shares previously reserved for issuance under the “fixed number” option plan.
For more information, please contact:
Benoit Moreau
President and CEO
514-591-8058
bmoreau@goldstarminerals.com
François Perron
Director
416-312-4811
fperron@goldstarminerals.com
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.
This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.
