Compass Gold Announces Grant of Options
Compass Gold Announces Grant of Options
TORONTO, May 22, 2019 -- Compass Gold Corporation (TSX-V: CVB) (Compass or the Company) announced today that
the Board of Directors has approved the issuance of 775,000 options to officers, employees and consultants of the Company.
Each option is exercisable into one common share of the Company (each, a “Common Share”) at an exercise price of $0.30
per Common Share and having a term of five years.
The total number of outstanding options under the Company’s plan, including the grant above, is now 2,800,000 options or
approximately 7.2% of the outstanding Common Shares. The Stock Option Plan allows for up to 10% of the outstanding
Common Shares to be reserved for stock options.
About Compass Gold Corp.
Compass, a public company having been incorporated into Ontario, is a Tier 2 issuer on the TSX- V. Through the 2017
acquisition of MGE and Malian subsidiaries, Compass holds gold exploration permits located in Mali that comprise the
Sikasso Property. The exploration permits are located in three sites in southern Mali with a combined land holding of 854 km 2.
The Sikasso Property is located in the same region as several multi-million ounce gold projects, including Morila, Syama,
Kalana and Kodiéran. The Company’s Mali-based technical team, led in the field by Dr. Madani Diallo and under the
supervision of Dr. Sandy Archibald, P.Geo, is initiating a new exploration program. They are examining the first of numerous
anomalies noted for further investigation in Dr. Archibald’s August 2017 “National Instrument 43-101 Technical Report on the
Sikasso Property, Southern Mali.”
Forward‐Looking Information
This news release contains "forward ‐looking information" within the meaning of applicable securities laws, including
statements regarding the Company’s planned exploration work and management appointments. Readers are cautioned not to
place undue reliance on forward ‐looking information. Actual results and developments may differ materially from those
contemplated by such information. The statements in this news release are made as of the date hereof. The Company
undertakes no obligation to update forward‐looking information except as required by applicable law.
For further information please contact:
Compass Gold Corporation Compass Gold Corporation
Larry Phillips – Pres. & CEO Greg Taylor – Dir. Investor
Relations &
Corporate Communications
[email protected] [email protected]
T: +1 416-596-0996 X 302 T: +1 416-596-0996 X 301
Website: www.compassgoldcorp.com
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