Nevada Sunrise Grants Stock Options and Corrects Compensation Units Price
Vancouver, British Columbia--(Newsfile Corp. - May 20, 2014) - Nevada Sunrise Gold Corp. (TSXV: NEV) ("Nevada Sunrise" or the "Company") announced today that it has granted a total of 650,000 stock options to directors, officers and a consultant to the Company, exercisable at a price of $1.05 per share for a period of five years from the date of grant. The options have been granted in accordance with the Company's stock option plan.
The Company wishes to clarify the price of finder’s warrants, or compensation units, that were incorrectly reported in its news release of May 13, 2014. The 21,000 finder’s warrants issued are exercisable at $0.90, not $1.35 as was reported, and are exercisable for a period of one year from issuance into one common share of the Company, and one-half of one share purchase warrant, with each whole warrant entitling the holder to purchase one common share at a price of $1.35 for a period expiring on the earlier of one year following the closing date of the offering and, subject to the issuance of notice by the company in the manner provided for in the subscription agreements for the offering, the day which is 30 days after the date that the volume-weighted average trading price of the common shares of the company on the TSX Venture Exchange exceeds $1.65 per share over a period of 10 consecutive trading days.
FOR FURTHER INFORMATION CONTACT:
Warren Stanyer
President and Chief Executive Officer
Telephone: (604) 428-8028
Facsimile: (604) 689-5528
Email: warrenstanyer@nevadasunrise.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release. The Securities of Nevada Sunrise Gold Corporation have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to the account or benefit of any U.S. person.