Resources Conway passes in the final stage of his restructuring and granting of the options to buy of shares Français
QUEBEC, Aug. 14, 2013 /CNW Telbec/ - Conway Ressources inc. ("Conway" or the Society) (TSXV: CWY) announces the completion of its restructuring started in May, 2013, at the administrative level. The Society selects the candidates of the mining domain with the aim of finalizing the mining exploration of surface and completing the slope logistics to start the development of the Belleterre mine.
She also announces that it has granted 1 500,000 stock options today at an exercise price of $0.10 per share to directors and officers under the Corporation's stock option plan. The stock options must be exercised no later than five years after the date of the grant.
The grant of stock options is subject to the approval of the TSX Venture Exchange Inc.
About Conway Resources Inc.
Conway is a mining exploration corporation that owns four gold properties and one rare metals property in Quebec. Its main asset is the Belleterre Mine property. The property is the site of the old Belleterre mine, which produced over 800,000 ounces of gold between 1936 and 1959. A total of 2.18 million tonnes of ore at an average grade of 10.73 g/t Au were extracted from the mine, primarily from vein 12 (95% of production). Earlier reports indicate the presence of at least 21 veins on the property.
More information can be found on Conway's website at www.ressources-conway.com.
Forward-Looking Statements
This press release contains certain forward-looking statements that might involve uncertainty, time frames, and/or known and unknown risks beyond the Corporation's control. The Corporation's actual results, performance and achievements may differ materially from the results, performance and achievements implied by such forward-looking statements.
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
SOURCE: CONWAY RESOURCES INC.
Conway Resources Inc.
Laurent Beaudoin
President and Chief Executive Officer
(418) 871-3334
[email protected]
www.ressources-conway.com
Conway Resources Inc.
Sylvie Mazuet
Chief Financial Officer
(450) 871 3334
[email protected]
www.ressources-conway.com
Share this article