SnipGold Appoints Chairman, Grants Stock Options
February 21 2014 - 7:55AM
Marketwired
SnipGold Appoints Chairman, Grants Stock Options
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 21, 2014) -
SnipGold Corp. (TSX-VENTURE:SGG) ("SnipGold" or the "Company") is
pleased to announce that Patrick Soares has been appointed Chairman
of the Board of Directors. The Company welcomes Patrick to his new
position and looks forward to his guidance going forward.
The Company also wishes to announce that it, subject to TSX
Venture Exchange approval, has granted a total of 1,205,000 Stock
Options to employees, consultants, directors and officers at an
exercise price of $0.10 per common share expiring after five
years.
The Options issued to employees and consultants will vest under
the Company's normal vesting provisions, which allow for 25% of the
Options to vest upon issue, and the remaining 75% to vest over the
next three anniversary dates.
A portion of the Options granted to directors and officers have
incentive based conditions for vesting. The initial 25% vested on
grant date and 50% will vest over the next two anniversary dates.
The remaining 25% of the Options will only vest once certain
predetermined performance criteria are met. These criteria are set
by the Board of Directors.
About SnipGold
SnipGold Corp. is a Canadian junior exploration company focused
on the exploration and expansion of gold resources in northwest
British Columbia. SnipGold's board and management have significant
experience in both the discovery and development of gold projects
in this area.
On Behalf of the Board of Directors
SnipGold Corp.
John Zbeetnoff, Chief Executive Officer
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.
SnipGold Corp.John
ZbeetnoffCEO604-681-3989604-681-3557info@snipgoldcorp.comwww.snipgoldcorp.com