TORONTO, Aug. 20, 2014 /CNW/ - Red Tiger Mining
Inc., (TSXV-RMN), (the "Company") is pleased to announce
the appointment of Mr. David Lurie
as a new member of the Board of Directors of the Company. Mr. Lurie
has been the Company's Chief Financial Officer and Corporate
Secretary since October 1, 2012.
The Company also announces that today it has granted options to
certain directors, officers and employees to purchase 1,865,000
common shares of the Company, each at a strike price of
$0.18 and having a term of five
years.
Red Tiger's stock option plan
permits 9% of the Company's issued and outstanding shares to be
reserved for issuance. As of today, an aggregate of 5,490,000
shares are reserved for issuance pursuant to options granted and
outstanding under the stock option plan.
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.
SOURCE Red Tiger Mining Inc.