Gossan Grants Stock Options
Gossan Grants Stock Options
Winnipeg, Manitoba--(Newsfile Corp. - November 24, 2017) - Gossan Resources Limited (TSXV: GSS) (FSE: GSR) has
awarded 830,000 incentive stock options to officers, directors, employees and consultants of the Company.
This grant of
options is in compliance with the terms of the Company's Stock Option Plan and remains subject to the acceptance of the TSX
Venture Exchange.
Five officers and directors were granted a total of 800,000 stock options exercisable at $0.08 per share with expiries of June
25, 2019 for 340,000 options; March 18, 2021 for 100,000 options; and March 29, 2022 for 360,000 options.
Employees and
consultants were granted a total of 30,000 stock options exercisable at $0.08 per share with an expiry of March 29, 2022.
This
grant of options was awarded after the close on November 23, 2017.
Gossan Resources Limited has acquired a new exploration property in the zinc-rich polymetallic Sturgeon Lake Greenstone Belt
in northwestern Ontario which has been permitted for a drill program this winter.
Gossan has a broadly diversified legacy
portfolio of properties hosting gold, platinum group and base metals, as well as the specialty and minor metals, vanadium,
titanium, tantalum, lithium and chromium.
The Company also has a large deposit of high-purity, magnesium-rich dolomite and a
royalty interest in a frac sand deposit. All of Gossan's mineral exploration and development properties are located in Manitoba
and northwestern Ontario. The Company trades on the TSX Venture and the Frankfurt/Freiverkehr&Xetra Exchanges and
currently has 33,580,400 common shares outstanding.
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.
For further information, please bookmark
www.gossan.ca
or contact:
Douglas Reeson, Chairman & CEO
Gossan Resources Limited
Tel: (416) 533-9664
E-Mail:
Kathy Ringland, Office Manager
Tel : (204) 943-1990