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Show printable version of 'CASSIDY GOLD CORP. ADOPTS FIXED STOCK OPTION PLAN' in a New Window


 Tue Jan 12, 2016
CASSIDY GOLD CORP. ADOPTS FIXED STOCK OPTION PLAN

 Cassidy Gold Corp. (TSX-V:CDX) ("Cassidy") announces that its Board of Directors has adopted a new Stock Option Incentive Plan (the "New Fixed Plan"), which fixes the number of common shares issuable on exercise of incentive stock options at a maximum of 8,460,122 common shares representing approximately 1.7% of Cassidy's current issued common shares. The New Fixed Plan replaces Cassidy's prior stock option plan (the "Old Plan"). All outstanding stock options granted by Cassidy under the Old Plan, which entitle the purchase of an aggregate 5,215,000 common shares of Cassidy, are now governed by the New Fixed Plan and the Old Plan has been terminated.

In accordance with the policies of the TSX Venture Exchange, the New Fixed Plan is not subject to the approval of Cassidy's shareholders.

About Cassidy Gold Corp.
Cassidy is a Canadian mineral development company focused on gold discovery & development in the Republic of Guinea, West Africa. Cassidy is listed on the TSX Venture Exchange under the symbol "CDX". Cassidy owns a 100% interest, subject to a 15% state participation, in the Kouroussa Gold Project in the Republic of Guinea.

For additional information, please contact:
James T. Gillis, President
Telephone: (250) 372-8222

This news release contains certain statements that may be deemed "forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Cassidy Gold Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Cassidy Gold Corp.'s management on the date the statements are made. Except as required by law, Cassidy Gold Corp. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

Neither the 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 news release.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.
 
 

You can view the Next News Releases item: Tue Feb 9, 2016, Cassidy Gold Corp. Announces Corporate Update

You can view the Previous News Releases item: Thu Apr 9, 2015, Cassidy Gold Corp. Announces An Agreement For The Sale Of Gold Produced From Its Kouroussa Gold Project In The Republic Of Guinea To Alchemists Inc. And Appoints Chief Operating Officer


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