Merrex Gold – Grant of Stock Options
17 Julho 2014 - 6:07PM
Access Wire
HALIFAX, NOVA SCOTIA / ACCESSWIRE /
July 17 2014 / Greg Isenor, President and CEO of Merrex Gold
Inc., ("Merrex" or the "Company") (TSX
Venture: MXI) announces:
Grant of Stock
Options
The Company has granted
1,300,000 incentive stock options to employees and consultants. The
options are exercisable at a price of $0.15 per share for a term of
five years expiring July 15, 2019, all subject to the
terms of the Company's incentive stock option plan. The Company has
also increased the exercise price of 2,800,000 incentive stock
options granted July 4, 2014 to $0.145 per share.
About Merrex's Siribaya Gold
Project
The
Siribaya Gold Project is a 50/50 joint Merrex-IAMGOLD
advanced-stage gold exploration project in West Mali comprised of
approximately 910 square kilometres of gold-prolific exploration
permits and permit applications pending. Exploration of the
Siribaya Gold Project is conducted under a joint management
committee. Expenditures to date on the Siribaya Project total
approximately $40 million.
The Siribaya Gold
Project presently hosts a NI 43-101 compliant gold resource
estimated at 303,900 ounces grading 2.34 g/t Indicated, and 301,400
ounces grading 2.17 g/t Inferred (July 31, 2012 ACA Howe
International Limited); the deposit areas are open to the north,
south and at depth. Numerous other gold-anomalous target areas have
been identified by geochemistry and require drilling.
Gregory P. Isenor, P.
Geo., is the Qualified Person as defined under NI 43-101 who has
reviewed and is responsible for the technical information presented
in this news release.
Merrex is primarily a West African focused gold exploration company
with experienced management, a solid exploration team, a prominent
gold-producer as a JV partner and an expanding gold
resource.
For further details about the Company's exploration activities or
to view the most recent corporate presentation visit Merrex's
website at www.merrexgold.com. To be added to Merrex's email contact list please
email your request to info@merrexgold.com.
On Behalf of the
Board
Gregory Isenor, P.Geo.
President & CEO
Merrex Gold
Inc.
Suite 802, 1550 Bedford Highway, Bedford, NS B4A 1E6
Tel.: (902) 832-5555 Fax: (902) 832-2223
This press release includes certain
statements that may be deemed "forward-looking statements". All
statements in this release, other than statements of historical
facts, that address future exploration drilling, exploration
activities and events or developments that the Company expects, are
forward-looking statements. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in forward-looking statements. Factors that
could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and
exploration successes, continued availability of capital and
financing, and general economic, market or business
conditions.
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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