Radcliff Mine Project Update / Grant of Incentive Stock Option
Vancouver, B.C. / TheNewswire / CMC Metals Ltd. (the "Company") wishes to announce that it has received an update from Pruett Ballarat Inc. ("PBI") on the progress at the Radcliff Project and been advised that PBI is in negotiations with a smelter located within trucking distance from the Radcliff Project to direct ship mineralized material from the current underground workings. Bulk samples taken from the Radcliff Project have been sent to the smelter for analysis and a site visit by smelter representatives to the mine is pending. Development work on the mineralized zone encountered in the 5510 Level adit is continuing.
The Company further wishes to announce that it has granted 1,000,000 incentive options to consultants pursuant to an incentive stock option under the Company's Rolling Stock Option Plan, which Plan received shareholder approval at its last Annual General Meeting held August 19, 2014. The options granted will be set for a two year period expiring June 10, 2015 at the exercise price of $0.06 per share. This transaction is subject to TSX Venture Exchange approval.
This news release was prepared on behalf of the Board of Directors.
On behalf of the Board:
"Jack Bal"
Jack Bal, CEO
For further information on the Company, please contact Mr. Jack Bal, CEO, Telephone: 604-306-5285 jackbalyvr@gmail.com.
"This news release includes certain statements that constitute "forward-looking information" within the meaning of applicable securities law, including without limitation, statements that address the timing and content of upcoming work programs, geological interpretations, receipt of property titles and exploitation activities and developments. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to fund its projects and, accordingly, may not occur as described herein or at all. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Readers are referred to the Company's filings with the Canadian securities regulators for information on these and other risk factors, available at www.sedar.com. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation"
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
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