SEXSMITH, Alberta, March 21, 2014 (GLOBE NEWSWIRE) -- ANGKOR GOLD CORP. (TSX-V:ANK) ("ANGKOR") is pleased to announce that it has granted an aggregate of 395,000 incentive stock options under its stock option plan to certain of its key officers and to certain of its full-time contractors providing services in Cambodia.
Each option entitles the holder thereof to purchase one Common Share in the capital of Angkor for a period of three years at a price of $0.32 per share. 270,000 of the options will vest immediately upon granting. The remaining 125,000 of the options will vest in equal portions over a period of two years.
The stock options are not transferrable. The common shares issued upon exercise of the stock options will be subject to a four month resale restriction from the date of grant.
On March 21, 2014, the last day that the Company's common shares traded prior to the granting of the stock options, the closing trading price of the common shares on the TSX Venture Exchange was $0.32.
ANGKOR's seven exploration licences in the Kingdom of Cambodia cover 1448 km2, which the company has been actively exploring over the past 4 years. The company has now covered all tenements with stream sediment geochemical sampling; has flown low level aeromagnetic surveys over most of the ground; drilled 18,737 metres of NQ core in 148 holes; and has collected in excess of 20,000 augered 'C' zone soil samples and over 32,000 TMS in 12 centres of interest, over a combined area of 70km2, in addition to numerous trenches and detailed geological field mapping. Exploration on all tenements is ongoing.
ANGKOR GOLD CORP., a public company listed on the TSX-Venture Exchange, is Cambodia's premier gold explorer with a significantly large land package and a first-mover advantage with excellent relationships at all levels of Government (local to national).
FOR FURTHER INFORMATION PLEASE CONTACT:
ANGKOR GOLD CORP.
Mike Weeks, President
Telephone: (780) 568-3801
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:Angkor Gold Corp.