Roxgold Grants Restricted Share Units
TORONTO, June 5, 2014 /PRNewswire/ - Roxgold Inc. (ROG: TSX.V) ("Roxgold" or the "Company") announces that it has issued 2,700,000 Restricted Share Units ("RSUs") to senior management. The RSUs were granted in accordance with Roxgold's Restricted Share Unit Plan and are subject to vesting provisions.
More specifically, the grant consists of a base amount of 1,800,000 units with vesting subject to a number of performance milestones associated with the advancement of the Yaramoko Gold Project from development to production. The remaining bonus units represent 50% of the base grant vesting subject to performance conditions.
Roxgold is a gold exploration and development company with its key asset, the high grade, 100% owned Yaramoko Gold Project located in the Houndé greenstone region of Burkina Faso, West Africa. The Company is currently advancing Yaramoko's 55 Zone through permitting and, subject to making a positive construction decision, expects to commence development in Q4 2014. Roxgold trades on the TSX Venture Exchange under the symbol ROG.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
SOURCE Roxgold Inc.