Probe Mines Announces Grant of Options
May 20 2014 - 6:55AM
Marketwired
Probe Mines Announces Grant of Options
TORONTO, ONTARIO--(Marketwired - May 20, 2014) - Probe Mines
Limited (TSX-VENTURE:PRB) ("Probe" or the "Company") announces that
it has granted options to acquire a total of 1,075,000 common
shares of the Company to employees, consultants, officers and
directors at the exercise price of $2.65 per share for a period of
five years, subject to vesting requirements.
About Probe Mines:
Probe Mines Limited is a Canadian precious metals exploration
company whose key asset is the Borden Gold Zone in Ontario, Canada.
As of January 31, 2014, the Company is well-positioned with
approximately $29.4 million in treasury. The Company is actively
exploring a significant new gold resource on its Borden Gold Zone
near Chapleau, Ontario and has 100% interest in the Black Creek
chromite deposit located in Northern Ontario. The Company's shares
trade on the TSX Venture Exchange under the symbol PRB.
On behalf of Probe Mines Limited,
Dr. David Palmer, President & Chief Executive Officer
Forward-Looking Statements
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 includes certain
"forward-looking statements" which are not comprised of historical
facts. Forward-looking statements include estimates and statements
that describe the Company's future plans, objectives or goals,
including words to the effect that the Company or management
expects a stated condition or result to occur. Forward-looking
statements may be identified by such terms as "believes",
"anticipates", "expects", "estimates", "may", "could", "would",
"will", or "plan". Since forward-looking statements are based on
assumptions and address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Although
these statements are based on information currently available to
the Company, the Company provides no assurance that actual results
will meet management's expectations. Risks, uncertainties and other
factors involved with forward-looking information could cause
actual events, results, performance, prospects and opportunities to
differ materially from those expressed or implied by such
forward-looking information. Forward looking information in this
news release includes, but is not limited to, the Company's
objectives, goals or future plans, statements regarding exploration
results, potential mineralization, the estimation of mineral
resources, exploration and mine development plans, timing of the
commencement of operations and estimates of market conditions.
Factors that could cause actual results to differ materially from
such forward-looking information include, but are not limited to,
failure to identify mineral resources, failure to convert estimated
mineral resources to reserves, the inability to complete a
feasibility study which recommends a production decision, the
preliminary nature of metallurgical test results, delays in
obtaining or failures to obtain required governmental,
environmental or other project approvals, political risks,
inability to fulfill the duty to accommodate First Nations and
other indigenous peoples, uncertainties relating to the
availability and costs of financing needed in the future, changes
in equity markets, inflation, changes in exchange rates,
fluctuations in commodity prices, delays in the development of
projects, capital and operating costs varying significantly from
estimates and the other risks involved in the mineral exploration
and development industry, and those risks set out in the Company's
public documents filed on SEDAR. Although the Company believes that
the assumptions and factors used in preparing the forward-looking
information in this news release are reasonable, undue reliance
should not be placed on such information, which only applies as of
the date of this news release, and no assurance can be given that
such events will occur in the disclosed time frames or at all. The
Company disclaims any intention or obligation to update or revise
any forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by
law.
Shares Issued: 76,359,727
Probe Mines LimitedKaren WilloughbyDirector of Corporate
Communications(866) 936-6766info@probemines.comProbe Mines
LimitedPatrick LangloisVice President, Corporate Development(416)
777-6703patrick@probemines.com
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