Loncor Stock Option Grants
13 Dezembro 2012 - 12:13AM
Marketwired
Loncor Resources Inc. (the "Company" or "Loncor") (TSX
VENTURE:LN)(NYSE MKT:LON)(NYSE Amex:LON) announces that it has
granted to employees, directors and consultants of the Company,
pursuant to the terms of the Company's stock option plan, a total
of 1,790,000 stock options, each such stock option entitling the
holder to purchase one common share of the Company at a price of
Cdn$1.05 for a period of five years.
Loncor is a Canadian gold exploration company focused on two
projects in the Democratic Republic of the Congo ("DRC") - the
Ngayu and North Kivu projects. The Company has exclusive gold
rights to an area covering 2,087 km2 of the Ngayu Archaean
greenstone belt in Orientale province in the northeast DRC and is
its main focus of exploration. Loncor also owns or controls 55
exploration permits in North Kivu province, covering 17,760 square
kilometres, located west of the city of Butembo. Both areas have
historic gold production. Led by a team of senior exploration
professionals with extensive African experience, Loncor's strategy
includes an aggressive drilling program to follow up on initial
known targets at Ngayu as well as covering the greenstone belt with
regional geochemical and geophysical surveys. Additional
information with respect to the Company's projects can be found on
the Company's web site at www.loncor.com.
For further information, please visit our website at
www.loncor.com.
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.
Contacts: Loncor Resources Inc. Peter N. Cowley President and
Chief Executive Officer + 44 (0) 790 454 0856 Loncor Resources Inc.
Naomi Nemeth Investor Relations (416) 366-9189 or 1 (800) 714-7938
ext 2802 www.loncor.com
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