Havilah Mining Corporation Announces Grant of Options
Havilah Mining Corporation Announces Grant
of Options
TORONTO
,
Aug. 15, 2018
/CNW/ -
Havilah Mining Corporation (
TSXV:
HMC)
(the "
Company
" or
"
Havilah
") announces that it has granted a total of 1,540,000 options to purchase common shares of
the Company to certain directors and officers pursuant to the Company's Share Option Plan. Such
options have an exercise price of
$0.36
per common share and expire on
August 15, 2023
. The
options vest as to one-third immediately and one-third after the first and second anniversaries of the
date of grant.
The grant of options is subject to regulatory approval.
ABOUT HAVILAH
Havilah Mining Corporation is a junior gold producer that owns the True North mine and mill complex
("
True North
") currently processing historic tails. In addition to operating True North in
Bissett,
Manitoba
, Havilah owns approximately 43,600 hectares of land surrounding the 40 hectare package
that True North is located. Havilah believes their Rice Lake land package is a prime exploration
opportunity to create a mining district with a central milling facility. Also, the company owns the Tully
project in
Timmins, Ontario
. The Company intends to focus on both organic growth opportunities and
accretive acquisition opportunities in
North America
.
ON BEHALF OF THE BOARD OF DIRECTORS
Blair Schultz
Chairman and Interim President and Chief Executive Officer
Neither the TSXV nor its Regulatory Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this news release.
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION
This press release may contain forward-looking statements. Often, but not always, forward-looking
statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or describes a "goal", or variation of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be
achieved. This press release may contain forward-looking statements. Often, but not always,
forward-looking statements can be identified by the use of words such as "plans", "expects", or
"does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or describes a "goal", or variation of such words
and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will"
be taken, occur or be achieved.
All forward-looking statements reflect the Company's beliefs and assumptions based on information
available at the time the statements were made. Actual results or events may differ from those
predicted in these forward-looking statements. All of the Company's forward-looking statements are
qualified by the assumptions that are stated or inherent in such forward-looking statements, including
the assumptions listed below. Although the Company believes that these assumptions are
reasonable, this list is not exhaustive of factors that may affect any of the forward-looking
statements.
Forward-looking statements involve known and unknown risks, future events, conditions,
uncertainties and other factors which may cause the actual results, performance or achievements to
be materially different from any future results, prediction, projection, forecast, performance or
achievements expressed or implied by the forward-looking statements. All statements that address
expectations or projections about the future, including but not limited to, statements about the
proposed Acquisition and Placement, and contemplated approvals of the TSXV and the Company's
plans for the Tully Property, are forward-looking statements. Although Havilah has attempted to
identify important factors that could cause actual actions, events or results to differ materially from
those described in forward-looking statements, there may be other factors that cause actions,
events or results not to be as anticipated, estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as 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.
The Company disclaims any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events, or otherwise, except in
accordance with applicable securities laws.
SOURCE
Havilah Mining Corporation
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For further information:
please contact: Shaun Heinrichs, CPA, Interim Chief Financial Officer,
CO: Havilah Mining Corporation
CNW 14:30e 15-AUG-18