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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 26, 2016) - SnipGold Corp. (TSX VENTURE:SGG) ("SnipGold" or the "Company") announces that it has granted 1,534,500 stock options to officers, directors, employees and consultants.
The stock options are set for a period of 5 years, expiring on February 26, 2021. Each stock option allows the holder to purchase one common share in the Company at a price of $0.10, with vesting provisions in accordance with TSX Venture Exchange regulations. Any shares issued on the exercise of these stock options will be subject to a four month hold period from the date of grant.
SnipGold Corp. is a Canadian company focused on the exploration and expansion of gold resources in northwest British Columbia. SnipGold's board and management have significant experience in discovery, exploration and development of gold projects.
On Behalf of the Board of Directors
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.