Sunridge Gold Corp. (SGCNF: OTC Link) | Sunridge Gold Grants Stock Options

Sunridge Gold Grants Stock Options

Sep 29, 2011

OTC Disclosure News Service

Vancouver, BC, Canada –

Pursuant to the Sunridge Gold Corp. (SGC:TSX.V/SGCNF:OTCQX) shareholder approved stock option plan, the Directors have today granted incentive stock options to directors, employees and consultants on 4,200,000 shares of the Company’s capital stock, exercisable for up to five years at a price of $0.55 per share, which is a premium to the last closing price of the Company’s shares prior to the date of grant.  The options granted will vest under normal vesting terms and will be subject to any applicable regulatory hold periods.

About Sunridge

Sunridge is a mineral exploration and development company focused on the acquisition, exploration, discovery and development of base and precious metal projects on the Asmara Project in Eritrea and exploration properties in Madagascar.  Sunridge currently has approximately 117 million shares outstanding and trades on the TSX Venture Exchange under the symbol SGC and OTCQX under the symbol SGCNF.  For additional information on the Company and its projects please view the slide show on our website at www.sunridgegold.com or call Greg Davis at the numbers listed below.

 

 

 

 

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/SGCNF/news?id=36038

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