VANCOUVER, Aug. 14, 2018 /CNW/ - Filo Mining Corporation
(TSX-V: FIL) (NASDAQ First North: FIL) ("Filo Mining" or the
"Company") announces that the Board of Directors of the Company has
approved, in accordance with its stock option plan, the grant of
2,500,000 incentive stock options (the "Options") to certain
directors, officers, employees and other eligible persons of the
Company on August 14, 2018 to
purchase common shares in the capital of the Company (the
"Shares"). The Options are exercisable, subject to vesting
provisions, over a period of five years at an exercise price of
C$2.20 per Share.
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About Filo Mining
Filo Mining's flagship project is its 100% controlled Filo del
Sol Project located on the border between San Juan Province,
Argentina and Region III,
Chile. Filo del Sol is located between the prolific
Maricunga and El Indio Gold Belts, two major mineralized trends
that contain such deposits as Caspiche, La Coipa, Veladero, and El
Indio. The region is mining-friendly and hosts a number of
large-scale mining operations. The project area is covered under
the Mining Integration and Complementation Treaty between
Chile and Argentina, which provides the framework for
the development of cross border mining projects.
Additional Information
Filo Mining is listed on the TSX-V and Nasdaq First North
Exchange under the trading symbol "FIL". Pareto Securities AB is
the Company's Certified Adviser on Nasdaq First North.
This information was submitted for publication, through the
agency of the contact person set out below, on August 14, 2018 at 5:30
am Vancouver time.
Adam Lundin,
President and Chief Executive Officer,
Filo Mining
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.
Cautionary Note Regarding Forward-Looking
Statements
Certain statements made and information contained herein in the
press release constitutes "forward-looking information" and
"forward-looking statements" within the meaning of applicable
securities legislation (collectively, "forward-looking
information"), concerning the business, operations and financial
performance and condition of Filo Mining Corp. The forward-looking
information contained in this press release is based on information
available to the Company as of the date of this press release.
Except as required under applicable securities legislation, the
Company does not intend, and does not assume any obligation, to
update this forward-looking information. Generally, this
forward-looking information can frequently, but not always, be
identified by use of forward-looking terminology such as "plans",
"expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or statements that certain actions, events, conditions
or results "will", "may", "could", "would", "might" or "will be
taken", "occur" or "be achieved" or the negative connotations
thereof.
All statements other than statements of historical fact may be
forward-looking statements. Forward-looking information is
necessarily based on estimates and assumptions that are inherently
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance
or achievements of the Company to be materially different from
those expressed or implied by such forward-looking information,
including but not limited to: risks and uncertainties relating to,
among other things, the inherent uncertainties regarding cost
estimates, changes in commodity prices, currency fluctuation,
financing, unanticipated resource grades, infrastructure, results
of exploration activities, cost overruns, availability of
financing, materials and equipment, timeliness of government
approvals, taxation, political risk and related economic risk and
unanticipated environmental impact on operations, as well as other
risks and uncertainties more fully described under "Risk Factors"
and elsewhere in the Company's most recent Annual Information Form
available under the Company's profile at www.sedar.com and on the
Company's website. These risks and uncertainties may cause the
actual results, level of activity, performance or achievements of
the Company to be materially different from those expressed or
implied by such forward-looking information.
SOURCE Filo Mining Corp.