Goldsource Mines Announces Adoption of New Stock Option Plan and Grant of Stock Options
April 14 2014 - 1:57PM
Marketwired
Goldsource Mines Announces Adoption of New Stock Option Plan and
Grant of Stock Options
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 14, 2014) -
Goldsource Mines Inc. ("Goldsource" or the "Company")
(TSX-VENTURE:GXS)(FRANKFURT:G5M) announces the adoption of a new
"rolling 10%" Stock Option Plan (the "New Plan"), which was
approved by the Board of Directors on April 11, 2014. The New Plan
replaces and supersedes the Company's previous fixed number stock
option plan that was originally adopted in May 2009. The New Plan
must be approved by the shareholders and re-approved on an annual
basis by the shareholders at each annual general meeting of the
Company as required by the policies of the TSX Venture Exchange.
The next annual general meeting of shareholders of the Company will
be held on June 11, 2014.
The Company also announces the grant of stock options to
directors, officers, employees and consultants to purchase an
aggregate of 2,075,000 common shares of the Company at an exercise
price of $0.24 per share for a five year term expiring April 10,
2019. The options will be subject to an 18-month vesting schedule
pursuant to which 25% shall vest immediately as of the date of
grant and a further 25% shall vest every 6 months thereafter until
fully vested.
Of the stock options granted, options to purchase a total of
1,050,000 common shares were granted under the New Plan and are
subject to the Company receiving the necessary shareholder and
regulatory approvals of the New Plan and the option grants. If such
approvals are not obtained, the options granted under the New Plan
will terminate.
ABOUT GOLDSOURCE MINES INC.
Goldsource Mines Inc. (www.goldsourcemines.com) is a Canadian
resource company that is working aggressively to develop its
advanced-stage, 100%-owned Eagle Mountain gold project in Guyana
with initial staged production in 2014. The project has an existing
NI 43-101-compliant resource of 188,000 Indicated and 792,000z
Inferred gold ounces, with strong potential to expand its
resources. Goldsource Mines is led by an experienced management
team, proven in making exploration discoveries, achieving
construction on time and budget, and fast-tracking production.
Neither the
TSX Venture Exchange nor its Regulation Service Provider (as that
term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
Goldsource Mines Inc.J. Scott DreverCEO+1(604) 694-1760 or Toll
Free: 1-866-691-1760 (Canada & USA)Goldsource Mines Inc.Ioannis
(Yannis) TsitosPresident+1(604) 694-1760 or Toll Free:
1-866-691-1760 (Canada & USA)Goldsource Mines Inc.Fred
CooperInvestor Relations+1(604) 694-1760 or Toll Free:
1-866-691-1760 (Canada & USA)+1(604)
694-1761info@goldsourcemines.comwww.goldsourcemines.com
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