TORONTO, Aug. 15, 2018 /CNW/ - Havilah Mining
Corporation (TSXV: HMC) (the "Company" or
"Havilah") announces that it has granted a total of
1,540,000 options to purchase common shares of the Company to
certain directors and officers pursuant to the Company's Share
Option Plan. Such options have an exercise price of $0.36 per common share and expire on August 15, 2023. The options vest as to one-third
immediately and one-third after the first and second anniversaries
of the date of grant.
The grant of options is subject to regulatory approval.
ABOUT HAVILAH
Havilah Mining Corporation is a junior gold producer that owns
the True North mine and mill complex ("True North")
currently processing historic tails. In addition to operating
True North in Bissett, Manitoba,
Havilah owns approximately 43,600 hectares of land surrounding the
40 hectare package that True North is located. Havilah
believes their Rice Lake land package is a prime exploration
opportunity to create a mining district with a central milling
facility. Also, the company owns the Tully project in
Timmins, Ontario. The Company
intends to focus on both organic growth opportunities and accretive
acquisition opportunities in North
America.
ON BEHALF OF THE BOARD OF DIRECTORS
Blair Schultz
Chairman and Interim President and Chief Executive Officer
Neither the TSXV nor its Regulatory Services Provider (as that
term is defined in the policies of the TSXV) accepts responsibility
for the adequacy or accuracy of this news release.
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING
INFORMATION
This press release may contain forward-looking statements.
Often, but not always, forward-looking statements can be identified
by the use of words such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or describes a "goal", or variation of such words and
phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be achieved.
This press release may contain forward-looking statements. Often,
but not always, forward-looking statements can be identified by the
use of words such as "plans", "expects", or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes",
or describes a "goal", or variation of such words and phrases or
state that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved.
All forward-looking statements reflect the Company's beliefs and
assumptions based on information available at the time the
statements were made. Actual results or events may differ from
those predicted in these forward-looking statements. All of the
Company's forward-looking statements are qualified by the
assumptions that are stated or inherent in such forward-looking
statements, including the assumptions listed below. Although the
Company believes that these assumptions are reasonable, this list
is not exhaustive of factors that may affect any of the
forward-looking statements.
Forward-looking statements involve known and unknown risks,
future events, conditions, uncertainties and other factors which
may cause the actual results, performance or achievements to be
materially different from any future results, prediction,
projection, forecast, performance or achievements expressed or
implied by the forward-looking statements. All statements that
address expectations or projections about the future, including but
not limited to, statements about the proposed Acquisition and
Placement, and contemplated approvals of the TSXV and the Company's
plans for the Tully Property, are forward-looking statements.
Although Havilah has attempted to identify important factors that
could cause actual actions, events or results to differ materially
from those described in forward-looking statements, there may be
other factors that cause actions, events or results not to be as
anticipated, estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements.
The Company disclaims any intention or obligation to update or
revise any forward-looking statements whether as a result of new
information, future events, or otherwise, except in accordance with
applicable securities laws.
SOURCE Havilah Mining Corporation