Algold Resources Ltd. Issues Deferred Share Units and Stock Options
Montreal, December 1, 2015 - Algold Resources Ltd.. (ALG: TSXV - the "Corporation" www.algold.com) is pleased to announce the annual granting of options and Deferred Share Units to its directors and officers. In total, the Corporation has issued 700,000 stock options to such persons at an exercise price of $0.15, with 1/3 vesting on the date of the grant, 1/3 on first anniversary of the grant and 1/3 on the second anniversary. These stock options expire after 10 years. The Corporation has also issued 115,000 Deferred Share Units to two of its directors at $0.15 per unit. These issuances were made under the Corporation's stock option plan and deferred unit plan, respectively. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
ABOUT ALGOLD
Algold Resources Ltd. is focused on the exploration and development of gold deposits in West Africa. The board of directors and management team are seasoned resource industry professionals with extensive experience in the exploration and development of world-class gold projects in Africa.
Algold is the operator on both the Kneivissat and Legouessi Properties. The Kneivissat property is 90% owned by Algold and the Legouessi property is being managed through a 51% earn-in interest agreement with Caracal (Electrum Group Companies). Algold can earn up to a 90% interest in the Legouessi exploration permit (see October 10, 2013 press release for more details), however, Caracal has the right to participate in the joint venture at either 51% or 75%, by funding its share of expenditures.
For further information, please contact:
Algold Resources Ltd.
1320, boul. Graham, bureau 132, Mont-Royal, Quebec, H3P 3C8, www.algold.com
Francois Auclair M.Sc., PGeo Yves Grou, CPA CA
President & CEO Executive Vice Chairman
f.auclair@algold.com y.grou@algold.com
(514) 889 5089 (514) 237 7757
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