South Atlantic Gold Inc. Grants Options, RSUs & DSUs
TSX-V: SAO
South Atlantic Gold Inc. Grants Options, RSUs & DSUs
Kelowna, British Columbia, May 11 , 2023 - SOUTH ATLANTIC GOLD INC. (TSX-V: SAO) (“South
Atlantic” or the “Company”) announces that, in accordance with its Option Plan (“Plan”) and Long-Term
Incentive Plan (“ LTIP”) the Company has granted an aggregate 1,810,000 stock options (" Options"),
180,000 restricted share units (" RSUs") and an aggregate 2,360,000 deferred share units (" DSUs") to
certain directors, officers, employees and consultants of the Company subject to regulatory acceptance .
The grants are pursuant to the Company's Plan and LTIP that were approved by shareholders on December
6, 2022.
The Options are exercisable at $0.05 per share for a period of five years. The DSUs and RSUs are governed
by the Company’s LTIP and will be subject to applicable securities law hold periods.
ON BEHALF OF THE BOARD
Douglas Meirelles, President and CEO
For more information regarding this news release, please contact:
Douglas Meirelles, President and CEO
T: 250-762-5777
Email: [email protected]
Cautionary Note Regarding Forward-Looking Information
This news release contains statements that constitute "forward-looking Information", as such term is used in applicable
Canadian securities laws. Such forward-looking information involves known and unknown risks, uncertainties and other
factors that may cause the Company’s actual results, performa nce or achievements, or developments in the industry
to differ materially from the anticipated results, performance or achievements expressed or implied by such forward -
looking information. Forward-looking information includes statements that are not historical facts and are generally, but
not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects,"
"potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.
Although the Company believes the forward-looking information contained in this news release is reasonable based on
information available on the date hereof, by its nature forward-looking information involves assumptions and known and
unknown risks, uncertainties and other factors which may cause our actual results, level of activity, performance or
achievements, or other future events, to be materially different from any future results, performance or achievements
expressed or implied by such forward-looking information. There can be no assurance that the Fundamental Acquisition
will be completed as proposed or at all.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties
associated with general economic conditions; adverse industry events; the receipt of required regulatory approvals and
the timing of such approvals; that the Company maintains good relationships with the communities in which it operates
or proposes to o perate, future legislative and regulatory developments in the mining sector; the Company ’s ability to
access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable
terms; mining industry and market s in Canada and generally; the ability of the Company to implement its business
strategies; competition; the risk that any of the assumptions prove not to be valid or reliable, which could result in delays,
or cessation in planned work, risks associated wi th the interpretation of data, the geology, grade and continuity of
mineral deposits, the possibility that results will not be consistent with the Company’s expectations, as well as other
assumptions risks and uncertainties applicable to mineral exploration and development activities and to the Company,
including as set forth in the Company’s public disclosure documents filed on the SEDAR website at www.sedar.com.
THE FORWARD -LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE
EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS
SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON
TSX-V: SAO
FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER
DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT
ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
Neither the TSX V enture 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.