|By Marketwired .||
|August 16, 2013 04:01 PM EDT||
TORONTO, CANADA -- (Marketwired) -- 08/16/13 -- REBgold Corporation ("REBgold" or the "Company") (TSX VENTURE:RBG) today announced that the board of directors has approved the issuance of 697,500 options to purchase common shares of the Company to Directors, Officers and Employees of the Company. The exercise price of the options is $0.12. They are subject to a 4 month hold and have a term of 5 years.
The total number of outstanding options under the Company's plan is 2,252,500 or approximately 8% of the outstanding shares.
REBgold is in the process of acquiring and developing economic interests in gold assets, in particular, where it can utilize its competitive advantages, to create shareholder value. The Company's key competitive advantages include an experienced board and management team, strategic investor backing and proprietary technology. The Company is currently developing projects in Finland and evaluating several projects elsewhere.
Shares outstanding 27,525,183
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.