Burin Gold grants incentive stock options
Burin Gold grants incentive stock options
Vancouver, Canada, January 31th, 2022 – Burin Gold Corp. (“Burin Gold” or the “Company”) (TSXV:BURG)
announces that it has granted incentive stock options to certain directors, officers, employees and consultants of the
Company.
The Company has granted incentive stock options to certain directors, officers, employees, and consultants of the
Company to purchase up to 2,286,600 common shares in the capital of the Company pursuant to the Company's
stock option plan. All the options are exercisable for a period of five years at an exercise price of $0.55 per share.
About Burin Gold Corp.
Burin Gold is a newly listed public company on the TSX Venture Exchange. The Company’s principal asset is the
Hickey’s Pond – Paradise Gold Project on the Burin Peninsula, province of Newfoundland & Labrador. This project
contains the Hickey’s Pond gold prospect, drill tested with an initial 1,000 m drill program in 2020 with best results
of 10.8 m of 4.43 g/t Au, as well as numerous other historical high-sulphidation epithermal gold showings that have
yet to be drill tested. With the successful completion of its IPO, the Company is well- positioned to commence a
significant diamond drilling campaign at the Hickey’s Pond prospect, planned to start Q1/2022.
Acknowledgement
The Company acknowledges the financial assistance of the Mineral Development Division, Department of Industry,
Energy, and Technology, Government of Newfoundland & Labrador, via its Junior Exploration Assistance
Program. The program provides valuable financial rebates on exploration expenditures made in the province to
qualifying exploration companies. The Company has benefited from the program yearly since 2018.
On behalf of the Board
“David Clark”
CEO & Director
Further Information:
David Clark
CEO & Director
Burin Gold Corp.
1-877-620-4185 – toll free
Forward Looking Statements
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 release.
This News Release includes certain “forward-looking statements” which are not comprised of historical facts. 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 res ult 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 statements are based on
assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these
statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet
management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events,
results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information.
Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements,
exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the
commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially f rom such
forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral
resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of
metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political
risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and
costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices,
delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks i nvolved in the
mineral exploration and development industry, an inability to predict and counteract the effects of COVID-19 on the business of the Company,
including but not limited to the effects of COVID -19 on the price of commodities, capital market conditions, restriction on labour and
international travel and supply chains, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company
believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue
reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that
such events will occur in the disclosed time frames or at all. The Company disclaim s any intention or obligation to update or revise any
forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.