Goldrush Grants Stock Options
15 Julio 2011 - 10:00AM
Marketwired
Goldrush Resources Ltd. (TSX VENTURE: GOD)(OTCQX: GDRRF) reports
that the Board of Directors has granted employee and consultant
incentive stock options for the purchase of 700,000 common shares
pursuant to Goldrush's incentive stock option plan. The incentive
stock option plan is a 10% fixed plan with a maximum size of
7,306,000 options and is compliant with the prevailing policies of
the TSX Venture Exchange. The incentive stock options granted are
subject to a four month hold period from the date of grant and are
exercisable for three years at $0.15 per share which is the closing
price of the Company's shares on the TSX Venture Exchange on July
14, 2011.
There are a total of 5,110,000 incentive stock options
outstanding after the current grant.
For further information on Goldrush Resources Ltd., shareholders
and other interested parties are invited to visit the Company's
website at www.goldrushresources.ca.
ON BEHALF OF THE BOARD OF DIRECTORS,
GOLDRUSH RESOURCES LTD.
Len Brownlie - President and Chief Executive Officer
About Goldrush: Goldrush is a Canadian mineral exploration
company which has successfully focused on gold exploration in West
Africa for five years, having discovered the Ronguen gold deposit
in Burkina Faso, where exploration is on-going.
FORWARD-LOOKING STATEMENTS: This news release contains certain
"forward-looking statements" within the meaning of Section 21E of
the United States Securities Exchange Act of 1934, as amended.
Except for statements of historical fact relating to the Company,
certain information contained herein constitutes forward-looking
statements. Forward-looking statements are frequently characterized
by words such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate" and other similar words, or statements
that certain events or conditions "may" or "will" occur.
Forward-looking statements are based on the opinions and estimates
of management at the date the statements are made, and are subject
to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from
those projected in the forward-looking statements. These factors
include the inherent risks involved in the exploration and
development of mineral properties, the uncertainties involved in
interpreting drilling results and other geological data,
fluctuating metal prices, the possibility of project cost overruns
or unanticipated costs and expenses, uncertainties relating to the
availability and costs of financing needed in the future and other
factors. The Company undertakes no obligation to update
forward-looking statements if circumstances or management's
estimates or opinions should change. The reader is cautioned not to
place undue reliance on forward-looking statements.
Neither the 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.
Contacts: Goldrush Resources Ltd. Don Willoughby VP Corporate
Development (604) 602-9973 (604) 681-5910 (FAX)
info@goldrushresources.ca www.goldrushresources.ca The Equicom
Group Babak Pedram (416) 815-0700 Ext. 264 bpedram@equicomgroup.com
The Equicom Group Joe Racanelli (416) 815-0700 Ext. 243
jracanelli@equicomgroup.com www.equicomgroup.com
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