Patagonia GOLD Corp. Grants Stock Options
PATAGONIA GOLD CORP. GRANTS STOCK OPTIONS
August 14, 2020 Vancouver, BC. Patagonia Gold Corp. (“Patagonia” or the “Company”)
(TSXV: PGDC) is pleased to announce that it has granted an aggregate of 9,600,000 stock
options (each, an “Option”) under the Company’s sto ck option plan (the “Stock Option
Plan”), including 2,500,000 Options to the directors of the Company, 3,500,000 Options
to certain officers of the Company, and 3,600,000 O ptions to members of senior
management (the “Option Grant”).
All of the Options are exercisable for a period of five years at a price of $0.16. The Options
vest as to one-third on each of the first, second a nd third anniversary on of the date of
the Option Grant.
The Stock Option Plan allows for the issuance of up to 10% of the issued and outstanding
shares of the Company in the form of Options. As of the date hereof, a total of
317,943,990 shares of the Company are issued and out standing and the Option Grant
represents approximately 3.0% of the issued and outstanding shares.
About Patagonia Gold
Patagonia Gold Corp. is a mining and development com pany listed on the TSX Venture
Exchange. The Company seeks to grow shareholder val ue through exploration and
development of gold and silver projects in the Pata gonia region of Argentina. The
Company is primarily focused on the Calcatreu project in Rio Negro and the development
of the Cap-Oeste underground project. Patagonia, i ndirectly through its subsidiaries or
under option agreements, has mineral rights to over 360 properties in several provinces
of Argentina and Chile and is one of the largest landholders in the province of Santa Cruz,
Argentina.
For more information, please contact:
Dean Stuart
T: 403 617 7609
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp
T: +54 11 5278 6950
FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements, including, but not limited
to, statements relating to the vesting of Options, statements about the Company’s focus
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on growing shareholder value and the development of the Cap Oeste underground project,
advancement of the Calcatreu project and the Compan y’s future plans and intentions.
Wherever possible, words such as “may”, “will”, “sh ould”, “could”, “expect”, “plan”,
“intend”, “anticipate”, “believe”, “estimate”, “pre dict” or “potential” or the negative or
other variations of these words, or similar words o r phrases, have been used to identify
these forward-looking statements. These statements reflect management’s current beliefs
and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many
factors could cause actual results, performance or achievements to differ materially from
the results discussed or implied in the forward-loo king statements. These factors should
be considered carefully and readers should not plac e undue reliance on the forward-
looking statements. Although the forward-looking st atements contained in this news
release are based upon what management believes to be reasonable assumptions, the
Company cannot assure readers that actual results will be consistent with these forward-
looking statements. These forward- looking statemen ts are made as of the date of this
news release, and the Company assumes no obligation to update or revise them to reflect
new events or circumstances, except as required by law.
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.