Barker Minerals Announces Re-pricing of Stock Optionsadmin
Barker Minerals Announces Re-pricing of Stock Options
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Prince George, British Columbia CANADA, November 08, 2013 /FSC/ – Barker Minerals Ltd. (BML – TSX Venture), (“Barker” or the “Company”) wishes to announce that subject to the approval of the TSX Venture Exchange (the “TSXV”), it intends to proceed with the re-pricing of outstanding stock options held by insiders, employees, consultants and representatives of the Company for the purchase of an aggregate of 25,755,000 common shares of the Company having an exercise price of $0.10 per share and expiry dates in 2014, 2015, 2016, 2017 and 2023. These stock options will be re-priced to have an exercise price of $0.05 per share. Pursuant to the policies of the TSXV, all re-priced options held by insiders will be subject to disinterested shareholder approval at the Company’s Annual General and Special Meeting of Shareholders scheduled for December 6, 2013. None of the re-priced options may be exercised at the amended exercise price pending TSXV acceptance of the share option re-pricing.
About Barker Minerals
Barker Minerals is advancing exploration on its mineral properties in the Cariboo Gold District, one of the most mineralized belts in British Columbia. The Company has more than 20 projects on its exploration properties, all of which are 100% owned by Barker Minerals. Eight projects have drill-ready gold and/or massive sulphide targets.
Certain statements in this press release may be considered forward-looking information, including those relating to “plans” of the Company. Such information involves known and unknown risks, uncertainties and other factors — including the availability of funds, the results of financing and exploration activities, the interpretation of drilling results and other geological data, project cost overruns or unanticipated costs and expenses and other risks identified by the Company in its public securities filings — that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
FOR FURTHER INFORMATION PLEASE VISIT OUR WEBSITE www.barkerminerals.com OR CONTACT:
Louis E. Doyle Robert H. Kuhl
Tel: (250) 563-8752 Tel: (604) 321-0709
Fax: (250) 563-8751 Fax: (604) 321-0719
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.
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Source: Barker Minerals Ltd. (BML – TSX-V)
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Posted: November 8th, 2013 under FSCWIRE.