Angkor Gold Corp. to Grant Options at a Premium of 10% Above Closing Price
VANCOUVER, British Columbia, June 6, 2013 (GLOBE NEWSWIRE) -- Angkor Gold Corp. (TSX-V:ANK) ("ANGKOR") is pleased to announce that it has granted an aggregate of 150,000 incentive stock options under its stock option plan to our new director Bob Neill. Bob brings to Angkor his strategic thinking and important lessons learned from the development of the mining industry in Colombia.
Each option, vesting immediately upon grant, entitles the holder thereof to purchase one Common Share in the capital of Angkor for a period of two years at a price of $0.41 per share, representing an exercise price that is 10% above Angkor's last closing price.
The stock options are not transferrable. The common shares issued upon exercise of the stock options will be subject to a four month resale restriction from the date of grant.
On June 6, 2013, the last day that the Company's common shares traded prior to the granting of the stock options, the closing trading price of the common shares on the TSX Venture Exchange was $0.375.
Angkor Gold Corp. is a public company listed on the TSX-Venture Exchange. It is Cambodia's premier gold explorer with a significantly large land package and a first-mover advantage with excellent relationships at all levels of Government (local to national).
With five exploration licences in the Kingdom of Cambodia covering a total of 1102km2, that the company has been actively exploring over the past four years, Angkor has now covered all tenements with stream sediment geochemical sampling, has flown low level aeromagnetic surveys over most of the ground, drilled 17,556 metres of NQ core in 143 holes; and has collected in excess of 20,000 augered 'C' zone soil samples and over 16,000 TMS in 10 centres of interest, over a combined area of 35km2, in addition to numerous trenches and detailed geological field mapping. Exploration on all tenements is ongoing.
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Contact
Angkor Gold Corp.
Mike Weeks, President
Telephone: (780) 568-3801
Email: mw@angkorgold.ca