Cadillac Mining Corporation Clarifies Granting of Stock Options
Vancouver, British Columbia CANADA, March 28, 2014 /FSC/ - Cadillac Mining Corporation (CQX - TSX Venture), (the "Company") announces that it wishes to clarify stock option information that was disclosed in its news release of March 25, 2014. The Company has granted an aggregate of 2,650,000 stock options to certain of its directors, officers, key employees and consultants, and re-priced 300,000 existing stock options, all at an exercise price of $0.05 per share, in accordance with the provisions of the Company's 10% rolling stock option plan. The Company neglected to note that it cancelled 2,275,000 existing stock options prior to the grant, so that the aggregate number outstanding options outstanding will be 3,000,000 upon regulatory filing. The options were granted effective March 24, 2014 for terms of up to five years.
About Cadillac Mining Corporation
Cadillac Mining Corporation is a junior exploration and development company based in Vancouver, Canada focused on large-scale precious metal projects the Great Basin in the western USA and in the Abitibi geological province in Canada. The Company's long term objective is the discovery of a major deposit through carefully planned exploration strategies.
Its business model provides shareholders access to a wealth of exploration experience, dedicated management and the opportunity to experience discovery through a very conservatively capitalized corporation. The Company has approximately 32 million shares outstanding.
For further information:
Victor Erickson 604-684-7300
President & CEO
Statements contained in this release that are not historical facts may be "forward-looking statements". Such statements are subject to risks and uncertainties and other factors which may cause actual developments or results or level of activity or performance to vary materially from those projected by Management.
Neither 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 press release.
To view press release as a PDF, please click on the following link:
Source: Cadillac Mining Corporation (TSX-V: CQX) http://www.cadillacmining.com
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