MONTREAL, April 13, 2017 /CNW Telbec/ - ALGOLD RESOURCES
LTD. (TSX.V: ALG – the "Corporation"). The Corporation, as part
of its compensation process, has granted under its stock option
plan a total of 1,450,000 stock options to two officers. Of those
options, 150,000 vest immediately and another 150,000 vest on each
of the second and third anniversaries of the date of the grant. The
remaining 1,000,000 options will vest upon meeting of specific
corporate milestones. The options expire after 10 years and
exercisable at a price of $0.25.
ABOUT ALGOLD
Algold Resources Ltd is focused on the
exploration and development of gold deposits in West Africa. The board of directors and
management team are seasoned resource industry professionals with
extensive experience in the exploration and development of
world-class gold projects in Africa.
CAUTIONARY LANGUAGE REGARDING FORWARD-LOOKING
INFORMATION
This press release contains and refers to
forward-looking information based on current expectations. All
other statements other than statements of historical fact included
in this release are forward-looking statements (or forward-looking
information). The Corporation's plans involve various estimates and
assumptions and its business is subject to various risks and
uncertainties. For more details on these estimates, assumptions,
risks and uncertainties, see the Corporation's most recent
Management Discussion and Analysis on file with the Canadian
provincial securities regulatory authorities on SEDAR at
www.sedar.com. These forward-looking statements are made as of the
date hereof and there can be no assurance that such statements will
prove to be accurate. Forward-looking statements are subject to
significant risks and uncertainties, and actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements that are included herein, except in
accordance with applicable securities laws.
SOURCE Algold Resources Ltd.