Avidian Gold Grants Stock Options
Avidian Gold Grants Stock Options
TORONTO, ON / ACCESSWIRE / August 27, 2019 / Avidian Gold Corp. (“Avidian” or the
“Company”) (TSX-V:AVG) wishes to announce a correction to the press release dated August
26, 2019 in that the Board of Directors have approved the grant of 3,600,000 stock options (the
“Options”), and not 3,100,000 as previously stated, to certain members of management, directors
and consultants of the Company. The Options granted will be issued in accordance with the
Company’s current stock option plan.
The Options are exercisable into common shares of the Company at an exercise price of $0.20
per share and have a five-year term to maturity.
About Avidian Gold Corp.
Avidian brings a disciplined and veteran team of project managers together with a regional scale
advanced stage gold-copper exploration portfolio in Alaska. Avidian’s Golden Zone project also
hosts a NI 43-101 Indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au)
plus an Inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au). Additional
projects include Amanita which is adjacent to Kinross Gold’s Fort Knox gold mine in Alaska
and Jungo and Dome Hill in Nevada. The Strickland and Black Raven properties, both located in
Newfoundland, are held within Hide Tide Resources Corp, a private subsidiary company of
Avidian.
Avidian is focused on and committed to the development of advanced stage mineral projects
throughout first world mining friendly jurisdictions using industry best practices combined with
a strong social license from local communities. Further details on the Corporation and the
individual projects, including the NI 43-101 Technical report on the Golden Zone property, can
be found on the Corporation’s website at www.avidiangold.com.
For further information, please contact:
Bonnie Hughes, Manger Investors Relation
Mobile: +44 7538 296674
Email: [email protected]
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 news release.
The technical information contained in this news release has been approved by Dr. Tom
Setterfield, P.Geo., Vice President Exploration of Avidian, who is a Qualified Person as defined
in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Forward-looking information
This News Release includes certain "forward-looking statements". These statements are based on
information currently available to the Com pany and the Company provides no assurance that
actual results will meet management's expectations. Forward-looking statements include estimates
and statements that describe the Company's future plans, objectives or goals, including words to
the effect that the Company or management expects a stated condition or result to occur. Forward-
looking statements may be identified by such terms as "believes", "anticipates", "expects",
"estimates", "may", "could", "would", "will", or "plan". Since forward -looking st atements are
based on assumptions and address future events and conditions, by their very nature they involve
inherent risks and uncertainties. Actual results relating to, among other things, results of
exploration, project development, reclamation and cap ital costs of the Company's mineral
properties, and the Company's financial condition and prospects including the ability to close the
Offering and secure additional financing as needed, could differ materially from those currently
anticipated in such statements for many reasons such as: changes in general economic conditions
and conditions in the financial markets; changes in demand and prices for minerals; litigation,
legislative, environmental and other judicial, regulatory, political and competitive dev elopments;
technological and operational difficulties encountered in connection with the activities of the
Company; and other matters discussed in this news release. This list is not exhaustive of the factors
that may affect any of the Company's forward-looking statements. These and other factors should
be considered carefully and readers should not place undue reliance on the Company's forward -
looking statements. The Company does not undertake to update any forward -looking statement
that may be made from t ime to time by the Company or on its behalf, except in accordance with
applicable securities laws.
SOURCE: Avidian Gold Corp.