Nevada Clean Magnesium Announces Stock Option Grant
29 Mai 2014 - 10:21PM
Access Wire
VANCOUVER, BC /
ACCESSWIRE / May
29, 2014 / Nevada
Clean Magnesium, Inc. (TSXV: NVM;
Frankfurt-M1V; OTC Pink Sheets: MLYFF) (the "Company") today
announced that it has granted 1,100,000 incentive stock options
pursuant to its Stock Option Plan for its directors, advisors and
consultants. The options are exercisable at a price of $0.08 per
share for a five-year term.
Any shares issued on the exercise of
these stock options will be subject to a four-month hold period
from the date of the grant. This stock option grant is subject to
approval of the TSX Venture Exchange.
About Nevada Clean
Magnesium, Inc.
Nevada Clean Magnesium is
focused on becoming a major U.S. producer and distributor of
primary, high grade, low cost magnesium extracted from its 100%
owned Tami-Mosi property located in North Central Nevada. Based on
the Company's NI 43-101 Preliminary Economic Assessment Report
published in late 2011, the Tami-Mosi Project has an inferred
resource of 412 million tonnes with an average grade of 12.3% Mg
for a contained metal content of 111 billion pounds of magnesium
using a 12% cut-off grade contained within a high purity dolomite
block. For more information, please visit www.nevadacmi.com.
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.
Forward Looking
Statements
Statements in this news release that are not
historical facts are forward-looking statements that are subject to
risks and uncertainties. Forward-looking statements in this news
release include statements about the closing a joint venture and
private placement.
Actual results may differ
materially from those currently anticipated due to a number of
factors, including that we
may not be able to agree on final terms with ScanMag, that the
Company's dolomite reserves may not mined because of technical,
regulatory, financing or other obstacles, the market price for
magnesium may make our resources uneconomic, and other risks
associated with being a mineral exploration and development
company. The PEA is based
on inferred mineral resources. Mineral resources that are not
mineral reserves do not have demonstrated economic viability. These
forward-looking statements are made as of the date of this news
release and, except as required by applicable laws, the Company
assumes no obligation to update these forward-looking statements,
or to update the reasons why actual results differed from those
projected in the forward-looking statements.
SOURCE: Nevada Clean Magnesium, Inc.
Nevada Clean Magnesium Inc. (TSXV:NVM)
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