First Bauxite Corporation Announces Issuance of Stock Options
February 04 2014 - 4:00PM
Marketwired
First Bauxite Corporation Announces Issuance of Stock Options
TORONTO, ONTARIO--(Marketwired - Feb 4, 2014) - FIRST BAUXITE
CORPORATION ("First Bauxite" or the "Company")
(TSX-VENTURE:FBX)(FRANKFURT:FBI)(BERLIN:FBI) is pleased to announce
that it has granted incentive stock options for the purchase of up
to 300,000 common shares of the Company at an exercise price of
$0.14 for a five-year period to a director of the Company.
About First Bauxite
First Bauxite Corporation (TSX-VENTURE:FBX) is a Canadian
natural resource company engaged in the exploration and development
of bauxite deposits in Guyana, South America. The Company has its
head office in Toronto and is managed by experienced geoscientists
and business development professionals with worldwide experience in
the exploration and mining business across a number of mineral
commodities. The mission of First Bauxite is to become a near term,
medium size producer and supplier of high quality refractory grade
sintered (calcined) bauxite. For further information on First
Bauxite Corporation, please visit our corporate website at
www.firstbauxite.com.
On behalf of The Board of Directors of First Bauxite
Corporation
Hilbert N. Shields, President & CEO
Certain statements contained herein constitute "forward-looking
statements". Forward-looking statements look into the future and
provide an opinion as to the effect of certain events and trends on
the business. Forward-looking statements may include words such as
"developing", "will", "move forward", "next", "obtaining",
"constructing" and similar expressions. These statements include,
but are not limited to, statements regarding the continued
advancement of the Bonasika Bauxite Project. These forward- looking
statements are based on current expectations and entail various
risks and uncertainties. Actual results may materially differ from
expectations, if known and unknown risks or uncertainties affect
our business, or if our estimates or assumptions prove inaccurate.
Factors that could cause results or events to differ materially
from current expectations expressed or implied by the
forward-looking statements, include, but are not limited to, the
effect of capital market conditions and other factors on capital
availability; availability of sufficient financing to fund planned
or further required work in a timely manner and on acceptable
terms; changes in project parameters as plans continue to be
refined and other risks more fully described in the Company's
Management Discussion & Analysis of Financial Position and
Results of Operations, which is available on SEDAR at
www.sedar.com. Readers are cautioned not to place undue reliance on
the forward-looking statements contained in this press release.
Except as required by law, the Company assumes no obligation to
update or revise any forward-looking statement, whether as a result
of new information, future events or any other reason.
Neither the 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.
First Bauxite CorporationHilbert N. ShieldsPresident &
CEO416-613-0910www.firstbauxite.com
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