TORONTO,
Dec. 4, 2013 /CNW/ - Galway Metals
Inc. (TSX-V: GWM) ("Galway Metals" or the "Company") is pleased
to announce that it has awarded 4.8 million incentive stock options
exercisable at C$0.10 per common
share and expiring on December 4,
2023, to officers, directors, employees and consultants of
the Company. This is the first grant of options and is in
compliance with terms of the Company's Stock Option Plan and
remains subject to acceptance by the TSX Venture Exchange.
Galway Metals is well capitalized with
$11.2 million in cash at September 30, 2013. The Company began trading on
January 4, 2013, after the successful
spinout to existing shareholders of Galway Resources following the
completion of the $340 million sale
of that company, which closed in December
2012.
Neither the TSX-V nor its regulation
services provider (as that term is defined in the policies of the
TSX-V) accepts responsibility for the adequacy or accuracy of this
release.
Forward Looking Statements:
Certain statements contained in this release
containing words like "believe", "intend", "may", "will", "expect",
"would" and other similar expressions, are forward-looking
statements that involve a number of risks and uncertainties.
Statements in this release that are forward-looking statements are
subject to various risks and uncertainties. Such information
contained herein represents management's best judgment as of the
date hereof based on information currently available. Galway Gold
does not assume the obligation to update any forward-looking
statement, except as required by law.
SOURCE Galway Metals Inc