TSX- V: GRR
VANCOUVER, Aug. 9, 2018 /CNW/ - Golden Reign Resources
Ltd. (TSX-V: GRR) (the "Company" or "Golden Reign") announces
that the company has granted, pursuant to its stock option plan and
subject to regulatory approval, 5,145,000 options to certain
directors, officers and employees at an exercise price of
0.195 cents per share for a term of
five years. A total of 700,000 of the stock options are subject to
vesting requirements whereby they vest immediately upon the first
gold pour from the San Albino Gold Mine and the additional
4,445,000 stock options vest immediately. The securities
represented by this grant will be subject to a four-month hold
period.
On behalf of the Board,
"Kevin Bullock"
Kevin Bullock,
P.Eng.
CEO
About Golden Reign:
Golden Reign Resources Ltd. is a
publicly listed (TSX-V: GRR) mineral exploration company engaged in
exploring the San Albino-Murra Property and the El Jicaro Property,
both of which are located in Nueva
Segovia, Nicaragua.
The Company's prime objective is to bring its San Albino Gold
Deposit into production quickly and efficiently, building cash flow
to further advance a number of its other prospective exploration
targets.
The Company's land package comprises 13,771 hectares (138
km2) of prospective ground for gold and silver
mineralization. Hundreds of historical mines and workings exist
within the Corona de Oro Gold Belt, which is approximately 3
kilometres wide by 20 kilometres long and spans the entirety of the
Company's land package.
For additional information please visit our website at
www.goldenreign.com and SEDAR www.sedar.com.
Forward-Looking Statements: Some of the
statements contained herein may be considered "forward-looking
information" within the meaning of applicable securities
laws. Forward-looking information is based on certain
expectations and assumptions, including the assumption that the
Company's exploration program will be successfully completed, and
are subject to known and unknown risks and uncertainties.
Such forward-looking information is subject to a variety of risks
and uncertainties which could cause actual events or results to
differ materially from those reflected in the forward-looking
information, including, without limitation, the risk that
satisfactory exploration results will not be obtained, the risk
that exploration results will not translate into the discovery of
an economically viable deposit, risks and uncertainties relating to
political risks involving the Company's exploration and development
of mineral properties interests, the inherent uncertainty of cost
estimates and the potential for unexpected costs and expenses,
commodity price fluctuations, the inability or failure to obtain
adequate financing on a timely basis and other risks and
uncertainties. Such information contained herein represents
management's best judgment as of the date hereof, based on
information currently available.
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.
SOURCE Golden Reign Resources Ltd.