Eagle Plains Issues Incentive Options
Eagle Plains Issues Incentive Options
Cranbrook, BC; February 1 9th, 2018 : Eagle Plains Resources Ltd. (EPL: TSX -V) (the
“Corporation”) has granted incentive stock options to directors, employees and key consultants
of the company for the purchase of a total of 1,650,000 shares at an exercise price of $. 25 per
share, expiring February 19th, 2023.
Proposed Plan of Arrangement-Taiga Gold Corp.
As announced on October 23 rd, 2017, Eagle Plains intends to spin out specific Saskatchewan
gold exploration properties in the Seabee/Santoy area of Saskatchewan, including the Fisher
project. Eagle Plain’s shareholders will receive shares of Taiga Gold Corp. (“Taiga”) on a 2:1
basis (1 share of Taiga for each 2 shares of Eagle Plains) through a plan of arrangement expected
to be completed in early 2018. Pending regulatory and shareholder approvals, shares of Taiga are
expected to be listed on the CSE under the symbol “TGC” in late April.
About Eagle Plains Resources
Based in Cranbrook, B.C., Eagle Plains continues to conduct research, acquire and explore
mineral projects throughout western Canada. EPL is committed to steadily enhancing
shareholder value by advancing our diverse portfolio of projects towa rd discovery through
collaborative partnerships and development of a highly experienced technical team.
Managements’ current focus is to preserve its treasury while advancing its most promising
exploration projects. In addition, Eagle Plains continues to s eek out and secure high -quality,
unencumbered projects through research, staking and strategic acquisitions. Since 2012, Eagle
Plains has added to its portfolio a number of new projects exceeding 130,000 ha targeting mainly
gold, uranium and base -metals in Saskatchewan, a highly -prospective mining jurisdiction which
was recently recognized by the Fraser Institute as the second best place in the world in terms of
Investment Attractiveness. Throughout the expl oration process, our mission is to help maintain
prosperous communities by exploring for and discovering resource opportunities while building
lasting relationships through honest and respectful business practices.
Expenditures from 2011 -2017 on Eagle Pla ins-related projects were approximately $16.5M,
which was funded by Eagle Plains and for the most part, by third-party partners. This exploration
work resulted in approximately 15,000 m of diamond -drilling and extensive ground -based
exploration work facili tating the advancement of numerous projects at various stages of
development.
On behalf of the Board of Directors
“Tim J. Termuende”
President and CEO
For further information on EPL, please contact Mike Labach at
1 866 HUNT ORE (486 8673)
Email: [email protected] or visit our website at http://www.eagleplains.com
Cautionary Note Regarding Forward-Looking Statements
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 release. This news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs, geological
interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-
looking statements address future events and conditions and therefore, involve inherent risks and
uncertainties. Actual results may differ materially from those currently anticipated in such
statements.