Visible Gold Mines Inc. Grants Options
05.04.2011 | CNW
ROUYN-NORANDA, QC, April 5 2011 /CNW Telbec/ - Visible Gold Mines Inc. (TSXV: VGD) (Frankfurt: 3V4) announces that its Board of Directors has granted 55,000 stock options to one of its director in respect of 55,000 common shares. The options were granted under Visible Gold Mines' Stock Option Plan. The exercise price of the options is $0.425 per share, equal to the closing price of Visible Gold Mines' common shares on the TSX Venture Exchange on Monday April 4, 2011. The options expire in five years.ABOUT VISIBLE GOLD MINES INC.
Visible Gold Mines Inc. is a dynamic corporation aggressively searching for the next important gold deposit in northwestern Québec, an area consistently ranked as one of the world's best jurisdictions for mining and exploration. Listed on the TSX Venture Exchange and Frankfurt Stock Exchange, Visible Gold Mines is led by a highly respected management and technical team with a proven mine-finding track record.
Visible Gold is well-funded and in the midst of $6.5 million, 40,000 metres 2011 drill program targeting under-explored and prospective strategic areas in the vicinity of the famous mining community of Rouyn-Noranda. Visible Gold controls several properties and a large land position totaling approximately 15,000 hectares in the Abitibi-Témiscamingue region.
Visible Gold has the focus, experience, commitment and resources necessary to become a leader in the vibrant Québec gold sector while building shareholder value.
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 the release.
For further information:
Martin Dallaire, President and Chief Executive Officer
Telephone: 819-762-0609, Fax: 819-762-0097
E-mail: mdallaire@visiblegoldmines.com
Website:www.visiblegoldmines.com