/NOT FOR DISTRIBUTION TO THE UNITED
STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./
TORONTO,
March 28, 2013 /CNW/ - Parkside
Resources Corporation (TSX-V: PKS) (the "Company") is pleased
to announce the grant of 150,000 incentive stock options under its
incentive stock option plan to new director, James Macintosh on February 15, 2013. The options are
exercisable at a price of $0.12 per
share for a period of five years from the date of grant.
The Company also announces that it has entered
into a consulting agreement dated effective February 11, 2013 with former director,
Nikolaos Tsimidis to provide advice
and support services on an as needed basis. As a result, the
322,300 incentive stock options, exercisable at a price of
$0.10 per share, previously granted
to Mr. Tsimidis will now expire on February
11, 2014.
Finally, the Company is pleased to announce that
it has applied to, and has received the approval of, the TSX
Venture Exchange for a 30 day extension to complete the
non-brokered private placement financing announced on February 15, 2013, for gross proceeds of up
to $500,000, extending the financing
period to April 30, 2013.
Closing of the financing is subject to receipt
of applicable regulatory approvals including approval of the TSX
Venture Exchange. The securities issuable in connection with
the financing will be subject to resale restrictions for a period
of four months plus one day from the closing date.
This press release is not an offering of
securities for sale in the United
States. The common shares have not been registered
under the U.S. Securities Act of 1933, as amended, and may not be
offered or sold in the United
States absent registration or an exemption from the
registration requirements of that Act.
About Parkside Resources Corporation
Parkside Resources Corporation is a Canadian
based mineral exploration company dedicated to building shareholder
value through focused exploration, discovery and development of
high quality precious and base metal projects. The Company has
entered into an Option and Joint Venture Agreement with Benton
Resources Corporation to explore the Forester Lake Gold Property
which is located approximately 100km north of Pickle Lake, Ontario and roughly 35km
southeast of Goldcorp's Musselwhite Gold
Mine. Incorporated in 2005, Parkside Resources Corporation
is a reporting issuer in the provinces of British Columbia and Alberta, the common shares of which are
listed for trading on the TSX Venture Exchange under the symbol
TSX-V: PKS.
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.
Forward Looking and other Cautionary
Information
This release includes certain statements that
may be deemed "forward‐looking statements". All statements in this
release, other than statements of historical facts that address
exploration drilling, exploitation activities and other related
events or developments are forward‐looking statements. Although the
Company believes the expectations expressed in such forward‐looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results or
developments may differ materially from those in the forward
looking statements. Factors that could cause actual results to
differ materially from those in forward‐looking statements include
market prices, exploration and exploitation successes, continuity
of mineralization, uncertainties related to the ability to obtain
necessary permits, licenses and title and delays due to third party
opposition, changes in government policies regarding mining and
natural resource exploration and exploitation, continued
availability of capital and financing, and general economic, market
or business conditions. Investors are cautioned that any such
statements are not guarantees of future performance and actual
results or developments may differ materially from those projected
in the forward‐looking statements.
SOURCE Parkside Resources Corporation