TORONTO, Aug. 22, 2016 /CNW/ - Roxgold Inc. ("Roxgold" or
"the Company") (TSX.V: ROG) announces that it has issued a
total of 527,272 Deferred Stock Units ("DSUs") to non-executive
directors as an annual award as outlined in the DSU Plan adopted in
October 2012.
The Company has also granted 720,000 Restricted Share Units
("RSUs") to executives and 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 240,000 units with vesting subject to
retention while the remaining bonus units are subject to
performance conditions.
Roxgold has also granted incentive stock options to recently
hired employees to purchase up to an aggregate of 300,000 common
shares, exercisable on or before August 22,
2021 at a strike price of $1.60.
About Roxgold
Roxgold is a gold mining company with its key asset, the high
grade Yaramoko Gold Mine, located in the Houndé greenstone region
of Burkina Faso, West Africa. The Company expects to reach
commercial production in Q3 2016. Roxgold trades on the TSX Venture
Exchange under the symbol ROG and as part of the Nasdaq
International Designation program with the symbol OTC: ROGFF.
"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.