Bearing Resources Grants Stock Options
August 1, 2014 (Source: Marketwired) — Bearing Resources Ltd. (“Bearing” or the “Company”) (TSX VENTURE:BRZ) reports that the Company has granted an aggregate of 800,000 incentive stock options to the Company’s directors and officers (the “Options“) at an exercise price of $0.05 per Option. The Options have a term of five years and vest immediately. The Options are granted in accordance with the Company’s Incentive Stock Option Plan last approved by shareholders on June 11, 2014. The grant of the Options is subject to the final approval of the TSX Venture Exchange.
About Bearing Resources
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Bearing is a Canadian based precious and base metal exploration company with projects located in British Columbia, the Yukon and Mexico. In Mexico the Company owns the Pedro epithermal gold project while in British Columbia the Company has discovered a gold-bearing skarn system on its October Dome property. The Company’s Mount Polley project is located in near Imperial Metals Corporation’s Mt. Polley copper-gold mine and includes a production royalty on the Boundary property. The Company also holds interests in projects in the Yukon including the Flume Project in the White Gold District.
BEARING RESOURCES LTD.
Robert Cameron, President & CEO
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Such forward-looking statements or information, including but not limited to those with respect to options and option agreements. By their nature forward looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of Bearing to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such factors include, among others, the actual prices of commodities, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in documents filed from time to time with the securities regulators in the applicable Provinces of British Columbia and Alberta.
“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.”
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