Eagle Hill Exploration Announces Stock Option Grants and Cancellations
05.05.2015 | Newsfile
Vancouver, British Columbia -- (Newsfile Corp. - May 5, 2015) - Eagle Hill Exploration Corp. (TSXV: EAG) ("Eagle Hill" or the "Company") announces that it is cancelling an aggregate of 1,064,250 stock options previously granted to directors, officers, employees and consultants of the Company from 2011 to 2014. Subsequent to the cancellation of these options and pursuant to its stock option plan, the Company has granted stock options to directors, officers, employees and consultants of the Company to purchase up to an aggregate of 2,283,500 common shares in the capital stock of the Company. The stock options are exercisable for a five-year period at a price of $0.31 per share. Granting of the options is subject to TSX Venture Exchange approval. A total of 1,011,750 of the options which were granted to insiders of the Company are subject to disinterested shareholder approval and may not be exercised until such approval has been obtained. Following the grant and cancellation of options, the Company has 2,283,500 stock options outstanding.On Behalf of the Board of Directors
"David Christie"
President & CEO
About Eagle Hill Exploration Corporation
Eagle Hill Exploration Corp. is a Canadian mineral exploration company focused on the exploration and development of the high-grade Windfall Lake gold deposit, located between Val-d'Or and Chibougamau in Quebec, Canada. The bulk of the mineralization occurs in the Main Zone, a southwest/northeast trending zone of stacked mineralized lenses, measuring approximately 600 metres wide and at least 1,400 metres long. The deposit remains open at depth and along strike. Additional exploration and technical work is planned for 2015 and 2016 as the project advances to pre-feasibility. More information is available at www.eaglehillexploration.com.
Eagle Hill Contacts
David Christie, President & CEO
Telephone: 647-253-1144
Email: info@eaglehillexploration.com
Rhylin Bailie, Vice President, Communications & Investor Relations
Telephone: 604-609-6143
Email: info@eaglehillexploration.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.