Le Lézard
Classified in: Mining industry, Business
Subjects: BOARD OF DIRECTORS, SHAREHOLDER RIGHTS PLANS

G2 Goldfields Announces Grant of Options


TORONTO, Nov. 24, 2022 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. ("G2" or the "Company") (TSXV:GTWO; OTCQX: GUYGF) announces that it has granted an aggregate of 750,000 options to certain directors and an officer of the Company with such options being exercisable at a price of $0.75 per share until November 23, 2025 and vesting over 18 months from the date of grant.

The grant of options is subject to the approval and requirements of the TSX Venture Exchange.

About G2 Goldfields Inc.

The G2 Goldfields team is comprised of professionals who have been directly responsible for the discovery of millions of ounces of gold in Guyana as well as the financing and development of the Aurora Gold Mine, Guyana's largest gold mine. G2 recently announced its maiden mineral resource estimate on the newly discovered Oko property in Guyana (see press release dated April 25, 2022), and has recently filed on SEDAR an independent technical report entitled "NI 43-101 Technical Report and Mineral Resource Estimate for the Oko Gold Property, Cooperative Republic of Guyana, South America", with an effective date of April 14, 2022.

Highlights of the report include:

Significantly, all of the maiden mineral resources lie within 350 meters of surface and remain open down plunge. The Oko district has been a prolific alluvial goldfield since its initial discovery in the 1870's, and modern exploration techniques continue to reveal the considerable potential of the district.

G2 currently has three drills operating and is awaiting assays on twenty-eight holes.

For further information please contact:
Dan Noone
CEO
+1.416.628.5904
Email: [email protected]

Forward-Looking Statements

This news release contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "might", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information and/or statements. Forward-looking statements and/or information are based on a number of material factors, expectations and/or assumptions of G2 Goldfields which have been used to develop such statements and/or information, but which may prove to be incorrect.

Although G2 Goldfields believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements as G2 Goldfields can give no assurance that such expectations will prove to be correct.

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.



These press releases may also interest you

at 14:56
Egret Therapeutics, a clinical-stage biotechnology company focused on developing transformative therapies for neurological conditions, today announced that the U.S. Food and Drug Administration (FDA) has cleared its Investigational New Drug (IND)...

at 13:00
Third Tier Wealth Management, offering financial planning & investment management, today announced that they have entered into an agreement to work with Buckingham Strategic Partners (BSP), a national financial services firm with their main office in...

at 11:45
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of ESS Tech Inc. between August 11, 2022 and December 7, 2022, both dates inclusive (the "Class Period"), of the important March 13, 2023 lead plaintiff...

at 11:00
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Silvergate Capital Corporation ("Silvergate" or the "Company") and reminds investors of the February 6, 2023 deadline to seek the role of lead...

at 11:00
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Super Micro Computer Inc.  ("Super Micro" or the "Company") ....

at 09:00
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against NewAge, Inc. ("NewAge" or the "Company") and reminds investors of the February 6, 2023 deadline to seek the role of lead plaintiff in a federal...



News published on 24 november 2022 at 09:15 and distributed by: