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KGL KGL Resources Ltd

0.16
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
KGL Resources Ltd TSXV:KGL TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.16 0.11 0.16 0 01:00:00

Kilo Goldmines Announces Grant of Stock Options

19/06/2013 8:41pm

Marketwired Canada


Kilo Goldmines Ltd. ("Kilo" or the "Company") (TSX VENTURE:KGL)(FRANKFURT:02K)
announced today that, subject to regulatory approval, it has granted stock
options to acquire an aggregate of 7,050,000 common shares to directors,
officers, employees, consultants and contractors of Kilo and it's DRC
subsidiaries under its stock option plan. Each option is exercisable for a five
year period to acquire one common share at a price of $0.12 per share. A total
of 2,400,000 options granted to non-executive directors vest as to 50%
immediately and 50% on the one year anniversary. Options granted to FronTier
Consulting vest as to 50,000 immediately and 50,000 as to each of the three, six
and nine month periods immediately following. The remainder of the options which
are granted to executive officers, employees, consultants and contractors vest
over a period of two years and are subject to company performance measured
against an established peer group in the exploration sector, as well as to the
achievement of individual performance criteria.


About Kilo 

Kilo Goldmines Ltd. is a Canadian gold exploration company that is listed on the
TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under
the symbol '02K'. The Company holds about 3,000 square kilometres of favourable
Archaean Kabalian greenstone in the Kilo-Moto area in the Democratic Republic of
the Congo. Kilo's principal focus is to advance its projects from exploration
through feasibility to project development and ultimately to full production in
a socially and environmentally responsible manner. The Company owns a 71.25%
interest in the DRC entity that holds the Somituri Project Exploitation Permits.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Kilo Goldmines Ltd.
Alex Van Hoeken
President and CEO
+1 (416) 360 3415
info@kilogoldmines.com
www.kilogoldmines.com

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