Business
Para Announces Grant of Incentive Stock Options
Vancouver, British Columbia--(Newsfile Corp. - February 23, 2018) - Para Resources Inc. (TSXV:...
About this update from Soma Gold Corp.
[{"type":"text","content":"Para Announces Grant of Incentive Stock OptionsVancouver, British Columbia--(Newsfile Corp. - February 23, 2018) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the \"Company\" or \"Para\") announces, subject to regulatory approval, the grant of a total of 2,000,000 stock options to a director of the Company to purchase common shares of the Company in accordance with its stock option plan. The options vest immediately and are issued at an exercise price of 23 cents per common share and expire five years from the date of issuance.ABOUT PARA RESOURCES:Para is a junior producing gold mining company. Para owns approximately 80% of the El Limon project, in Colombia, which in addition to its current underground operation is purchasing mineralized rock mined by small artisanal miners working on the Company's property. The El Limon and OTU properties also have exploration and development upside. The Company also owns 88% of the Gold Road Mine in the Oatman District of Arizona. The Company has hired RPM Global as consulting engineers in order to produce a NI 43-101 Technical Report which it expects will establish a current Mineral Resource estimate and anticipates that it will publish a NI 43-101 PEA thereafter. Para will continue to take advantage of current market conditions to acquire and develop additional highly economic, near-term production assets that have strong exploration and development upside.On behalf of the Board of Directors\"C. Geoffrey Hampson\"C. Geoffrey Hampson, Chairman, Chief Executive Officer and DirectorFor further information, please contact Andrea Laird, telephone: +1-604-259-0302Neither 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.Cautionary Note Regarding Forward-Looking StatementsStatements contained in this news release that are not historical facts are \"forward-looking information\" or \"forward-looking statements\" (collectively, \"Forward-Looking Information\") within the meaning of applicable Canadian securities laws. Forward Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of actio...