Esperanza Resources: Corporate Update and Granting of Incentive Stock Options
June 13 2011 - 6:00AM
Marketwired
Esperanza Resources Corp. ("Esperanza" or the "Company") (TSX
VENTURE: EPZ)(PINK SHEETS: ESPZF) is pleased to announce that the
annual general meeting of the Company was held on June 8, 2011 and
all resolutions were approved by the shareholders including the
sale of the San Luis minority interest to Silver Standard Resources
Inc. Four directors were nominated for re-election to the Board -
William Pincus, Brian Bayley, George Elliott and Steven
Ristorcelli.
Esperanza also announces that pursuant to the Company's Stock
Option Plan, 779,500 incentive stock options exercisable at a price
of $1.49 per share for a period of five years have been granted to
certain officers, directors, employees and consultants of the
Company.
About Esperanza
Esperanza is focused on advancing the development of its
principal property, the wholly-owned Cerro Jumil gold project in
Morelos State, Mexico. It is also actively investigating 11 other
exploration interests in Peru and Mexico. In October of 2010 it
announced a strategic investment which resulted in a 35% interest
in Global Minerals Ltd. (TSX VENTURE: CTG), majority owner of the
Strieborna silver/copper/antimony project in Roznava, Slovakia
(www.globalminerals.com).
SAFE HARBOR: Some statements in this release are forward-looking
in nature. The United States Private Securities Litigation Reform
Act of 1995 provides a "safe harbor" for certain forward-looking
statements. Such statements include statements as to the potential
of the Cerro Jumil property, the ability to finance further
exploration, permit drilling and other exploration work, and the
availability of drill rigs.
The forward-looking statements involve risks and uncertainties
and other factors that could cause actual results to differ
materially, including those relating to exploration and bringing
properties into production. Please refer to a discussion of some of
these and other risk factors in Esperanza's Form 20-F filed with
the U.S. Securities and Exchange Commission. The forward-looking
statements contained in this document constitute managements'
current estimates as of the date of this release with respect to
the matters covered herein. Esperanza expects that these
forward-looking statements will change as new information is
received and that actual results will vary, possibly in material
ways. Forward-looking statements are based on the beliefs,
expectations and opinions of management on the date the statements
are made, and the Company does not assume any obligation to update
forward-looking statements if circumstances or management's
beliefs, expectations or opinions should change. For these reasons,
investors should not place undue reliance on forward-looking
statements.
Neither the TSX Venture Exchange nor the Investment Industry
Regulatory Organization of Canada accepts responsibility for the
adequacy or accuracy of this release.
Contacts: Esperanza Resources Corp. Bill Pincus President and
CEO Toll Free: 1 866 890 5509 info@epzresources.com
www.epzresources.com
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