Caza Gold Shareholder Update-2011 Results and 2012 Outlook
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/17/12 -- Greg Myers, CEO and President of Caza Gold Corp. (TSX VENTURE: CZY)(FRANKFURT: CZ6), is pleased to provide shareholders with the following update of the results of Caza's 2011 exploration and acquisition programs and the outlook and proposed exploration programs for 2012.
Los Andes Project, Nicaragua
Nicaragua Regional Program
Balleza Project, Moris Property, Mexico
Santiago Project, Mexico
2012 Outlook
Further to earlier news releases dated March 18, 2011 and December 14, 2010, the Company advises that, pending final TSX Venture Exchange approval, it will issue a total of up to 631,145 common shares to Inversiones Ecologicas S.A. pursuant to the terms of a formal option agreement between the Parties dated January 31, 2011 (the "Agreement"). Under the terms of the Agreement, 300,000 shares will be issued for the initial Los Andes gold properties, and an additional 331,145 shares will be issued for additional staked property held in the area of mutual interest, on the basis of 1.6 shares for each additional hectare retained on behalf of the Company. The shares will be subject to a four month plus one day hold period from the date of issuance.
Additionally, a total of 60,000 incentive stocks options have been granted to our senior geologists in Mexico. These stock options have an exercise price of $0.30, expire in 5 years and are subject to vesting provisions in which 20% are exercisable immediately and 20% every 6 months thereafter.
Greg Myers, Ph.D., P. Geo, is the Qualified Person who reviewed and approved the contents of this news release.
Caza Gold Corp., is a growth-oriented gold exploration company listed on the (TSX VENTURE: CZY) and (FRANKFURT: CZ6). The Company is focused on the acquisition and exploration of strategic gold properties in Mexico and Latin America.
CAZA GOLD CORP.
Greg Myers, President and CEO
CAUTIONARY DISCLAIMER - FORWARD-LOOKING STATEMENTS
Certain statements contained herein constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements that are not historical facts, including without limitation statements regarding future estimates, plans, objectives, assumptions or expectations of future performance, are "forward-looking statements". We caution you that such "forward-looking statements" involve known and unknown risks and uncertainties, as discussed in the Company's filings with Canadian and United States securities agencies. The Company expressly disclaims any obligation to update any forward-looking statements other than as required by applicable law. We seek safe harbour.
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.
Contacts:
Caza Gold Corp.
Greg Myers
President and CEO
(604) 685-9750 or Toll Free: 1-877-684-9700
(604) 685-9744 (FAX)
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 17.01.2012 - 13:58 Uhr
Sprache: Deutsch
News-ID 104772
Anzahl Zeichen: 0
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
Diese Pressemitteilung wurde bisher 238 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Caza Gold Shareholder Update-2011 Results and 2012 Outlook"
steht unter der journalistisch-redaktionellen Verantwortung von
Caza Gold Corp. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
