NSGold Amends Stock Option Plan and Grants Options
24.08.2017 | FSCwire
Bedford, August 24, 2017 - NSGold Corporation (TSXV:NSX) (“NSGold” or “the Company”) announces the Board of Directors of the Company has approved an amendment of the 2010 Stock Option Plan (“the Plan”) to increase the maximum number of common shares which may be issued thereunder to one million which represents approximately 8% of the current issued and outstanding number of shares. The amendment of the Plan is subject to receipt of TSX Venture Exchange approval.The Board of Directors of NSGold has also approved the issuance of 265,000 stock options at an exercise price of $0.10 per common share of which 245,000 have been issued to directors and officers and 20,000 have been issued to a consultant of the Company. The options expire on August 24, 2027.
About NSGold
NSGold Corporation is a mineral exploration company exploring for gold in Nova Scotia, Canada. NSGold’s principal property is the Mooseland Gold Property which has a non-diluted inferred gold resource of 454,000 ounces using a cut-off grade of 2.6 grams per tonne and is located 12 kilometers from the Moose River Gold Project currently being developed by Atlantic Gold Corporation. NSGold’s shares are listed on the TSX Venture Exchange under the symbol NSX.
For further information, please contact:
NSGold Corporation
Glenn A. Holmes, Chief Financial Officer
(902) 798-1148
glenn.holmes@nsgoldcorp.com
CAUTIONARY STATEMENT: 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.