Tickers: XTSX:SCA
Tags: Mining
Toronto, Canada / TheNewswire / November 28, 2017 - Savary Gold Corp. (TSX-V: SCA) ("Savary" or the "Company") has granted a total of 1,800,000 stock options to various officers, directors and consultants. The options may be exercised at a price of $0.055 per common share for a period of five years from the date of grant. The company grants stock options from time to time to the various members of the board and management with a view to linking the interest of the directors and management with those of shareholders while keeping G&A expenses as low as possible. It is anticipated that during the financial year ending December 31, 2017 stock options are the only form of compensation to be received by members of Savary's board. The grant of options remains subject to the approval of the TSX Venture Exchange.
About Savary Gold
Savary is a Canadian exploration company is focused on exploring and developing the Karankasso Gold Project in Burkina Faso. The Company holds a 69.5% joint venture ownership and is the operator of the project with Sarama Resources Limited. The Project is located within the Hounde Greenstone Belt, which hosts Semafo's Mana mine, Roxgold's Yaramoko Mine and Endeavor's Hounde Mine. The Project contains an Inferred mineral resource estimate of 12.3 million tonnes (Mt) grading 2.03 g/t gold for 805,000 ounces. For additional information please visit our website at www.savarygold.com.
Don Dudek, P.Geo., President and CEO of the Company and a qualified person under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.
SAVARY GOLD CORP.
On behalf of the Board
"Don Dudek"
President & Chief Executive Officer
Cautionary Notes
Neither 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.
This news release may contain forward-looking statements. These statements include statements regarding the mineral resource estimate and future plans. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.
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