Upper Canada Gold Grants Stock Options
Not For Distribution To U.S. Newswire Services or for Dissemination in The United States. Any Failure to Comply with this Restriction may Constitute A Violation Of U.S. Securities Law.
Toronto, Ontario CANADA, April 05, 2013 /FSC/ - Upper Canada Gold Corporation (UCC - TSX Venture), ("Upper Canada" or the "Company"), announces that it has granted a member of management options to purchase an aggregate of 280,000 common shares of the Company from treasury, such options being exercisable on or before the expiry of five years from the date of grant, at a price of $0.24 per common share. The foregoing grant of options is conditional upon the approval of the TSX Venture Exchange. All of the foregoing options vest immediately on the satisfaction of all regulatory requirements.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release of Upper Canada contains statements that constitute "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Upper Canada's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are 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. Forward-looking statements in this document include statements regarding Upper Canada's expectations regarding regulatory approvals to be sought. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward looking statements. Any factor could cause actual results to differ materially from Upper Canada's expectations. Upper Canada undertakes no obligation to update these forward looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change, unless otherwise 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.
FOR FURTHER INFORMATION CONTACT:
Michael Churchill
President
Tel: 647-977-9267 x101
Martin Shefsky
Chief Executive Officer
Tel: 647-977-9267 x222
Website: www.uppercanadagold.com
To view this press release as a PDF, please click on the following link:
http://www.usetdas.com/pr/uppercanadaPR04052013.pdf
Source: Upper Canada Gold Corporation (TSX-V: UCC) http://www.uppercanadagold.com
Maximum News Dissemination by FSCwire. http://www.fscwire.com