Solvista Gold Corporation Announces Board of Directors Appointment and Grant of Stock Options
TORONTO, ONTARIO -- (Marketwired - Oct 29, 2013) - Solvista Gold Corporation ("Solvista" or the "Company") (TSX VENTURE:SVV) (OTCQX:SVVZF) is pleased to announce the appointment of Mr. R. Bruce Durham to the board of directors of the Company (the "Board").With the addition of Mr. Durham, the Board is now comprised of seven (7) members, including: Miller O'Prey, President and CEO, Donald Christie, CFO and Corporate Secretary, Gerald P. McCarvill, G. Edmund King, Gary Barket, Roger Easterday and R. Bruce Durham.
Mr. Durham is a Professional Geologist, who graduated from the University of Western Ontario in 1976. He is currently President, CEO and a director of Goldspike Exploration Inc. (since 2010) and Chairman of Temex Resources Corp. (since May 2007). Mr. Durham also sits on the board of directors of Nebu Resources Inc., NMC Resource Corp., Schyan Exploration Inc. and Rainbow Resources Inc. Between 1998 and 2007, he held various management positions with Canadian Royalties Inc., including President, Vice President Exploration and Vice President Business Development. Mr. Durham has worked in mineral exploration for over 30 years in various positions with junior and senior mining companies exploring primarily for precious and base metal deposits in Ontario and Quebec, but also with companies exploring across Canada, in the United States and in Africa.
On joining the Board, Mr. Durham stated, "I'm very pleased to have this opportunity to work with Solvista's management team in advancing their projects in Colombia." Miller O'Prey, President and CEO of the Company noted that "Solvista is very pleased to welcome R. Bruce Durham to our board of directors. Bruce brings in depth corporate wisdom and geological experience to the boardroom from his decades of activity in the global mining industry."
The Company also announces the grant of 225,000 stock options to Mr. Durham pursuant to the terms of the Company's stock option plan. The options are exercisable at a price of $0.30 per share, for a period of 5 years from the date of grant. The options were granted effective October 29, 2013 and expire on October 29, 2018. The stock options vest as to one-third (1/3) on October 29, 2013, one-third (1/3) on October 29, 2014 and one-third (1/3) on October 29, 2015.
About Solvista
Solvista is a gold exploration company with two projects, Caramanta and Guadalupe. These projects cover approximately 45,000 hectares in the Antioquia province of Colombia, a region rich in historic gold mining tradition and where several new gold discoveries have recently been made.
Solvista is well funded and has completed Phase 1 drill programs at both its projects, with the discovery of significant mineralization at both. Additional drilling has recently recommenced at the Caramanta Project and exploration is ongoing at Guadalupe. Solvista's head office is located in Toronto, Canada with its Colombian headquarters located in Medellín. For further details on Solvista, its management team and its projects, please refer to Solvista's website (www.solvistagold.com).
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 of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Contact
Solvista Gold Corp.
Miller O'Prey, PGeo, President and CEO
+1 647 694 0149
+1 416 504 4129
moprey@solvistagold.com
Solvista Gold Corp.
Don Christie, CA, Chief Financial Officer
+1 416 504 4171
dchristie@solvistagold.com
www.solvistagold.com