Concordia Resource Corp. Announces Options Grant
August 26 2011 - 4:00PM
Marketwired
Concordia Resource Corp. (TSX VENTURE: CCN) ("Concordia" or the
"Company") announces options grant to Directors.
Directors were granted options to acquire 700,000 common shares
of the Company at a price of C$0.66 per share, for a five year
period.
ABOUT THE COMPANY
Concordia Resource Corp. is a mineral exploration company with
property holdings in North and South America and Spain. The Company
holds the Albisu gold discovery in Nevada, and is earning from
Renaissance Gold Inc. a 70% interest in the Baza gold-copper
project in Spain. Through its wholly owned South American
subsidiary, Meryllion Minerals Corp., the Company is earning 100%
of the historic La Providencia silver mine located in the Puna of
northwestern Argentina and has also acquired an option to purchase
the 14,000 ha Cerro Amarillo-Cajon Grande copper-gold property
located in the Malargue District of Argentina. Concordia has its
head office and executive management team in Vancouver, Canada; and
its technical team is based in Reno, Nevada.
On behalf of the Board of Concordia Resource Corp.
R. Edward Flood, Chairman
Forward-Looking Statements
Certain of the statements made and information contained herein
is "forward-looking information" within the meaning of the Ontario
Securities Act, including the receipt of necessary permits to
conduct exploration and construction, timing of anticipated
exploration program, the number of the holes and meters to be
drilled and future plans of the Company. Forward-looking
information is subject to a variety of risks and uncertainties
which could cause actual events or results to differ from those
reflected in the forward-looking information, including, without
limitation, risks and uncertainties relating to risks inherent in
mining including environmental hazards, industrial accidents,
unusual or unexpected geological formations, ground control
problems and flooding; risks associated with the estimation of
mineral resources and reserves and the geology, grade and
continuity of mineral deposits; the possibility that future
exploration, development or mining results will not be consistent
with the Company's expectations; the potential for and effects of
labour disputes or other unanticipated difficulties with or
shortages of labour or interruptions in production; actual ore
mined varying from estimates of grade, tonnage, dilution and
metallurgical and other characteristics; the inherent uncertainty
of production and cost estimates and the potential for unexpected
costs and expenses, commodity price fluctuations; uncertain
political and economic environments; changes in laws or policies,
delays or the inability to obtain necessary governmental permits;
and other risks and uncertainties, including those described in
each management discussion and analysis. Forward-looking
information is in addition based on various assumptions including,
without limitation, the expectations and beliefs of management, the
assumed long term price of metals; appropriate equipment and
sufficient labour and that the political environment where the
Company operates will continue to support the development and
operation of mining projects. Should one or more of these risks and
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described
in the forward-looking information. Accordingly, readers are
advised not to place undue reliance on forward-looking
information.
The TSX-V has neither approved nor disapproved the contents of
this press release. Neither the TSX-V nor its Regulation Services
Provider (as that term is defined in the policies of the TSX-V)
accepts responsibility for the adequacy or accuracy of this press
release.
Contacts: Concordia Resource Corp. Karl Cahill VP, Investor
Relations +1-858-531-6100 info@concordiaresourcecorp.com
www.concordiaresourcecorp.com
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