|By Marketwired .||
|March 14, 2014 08:30 PM EDT||
WINNIPEG, MANITOBA -- (Marketwired) -- 03/15/14 -- Gossan Resources Limited (TSX VENTURE:GSS)(Frankfurt/Freiverkehr & Xetra:WKN 904435) has awarded 700,000 incentive stock options to officers, directors and employees of the Company. This grant of options is in compliance with the terms of the Company's Stock Option Plan and remains subject to the acceptance of the TSX Venture Exchange.
Five officers and directors were granted a total of 660,000 stock options: 220,000 options exercisable at $0.05 per share with an expiry of March 16, 2015; and 440,000 options exercisable at $0.08 per share with an expiry of March 15, 2016. This grant of options was awarded after the close on March 14, 2014.
Gossan Resources Limited is engaged in mineral exploration and development in Manitoba and northwestern Ontario. It has a well-diversified portfolio of properties hosting gold, platinum group and base metals, as well as the specialty and minor metals, vanadium, titanium, tantalum, lithium and chromium. The Company also has a large deposit of magnesium-rich high-purity dolomite. Gossan participates in the frac sand industry though an equity interest in Claim Post Resources, property payments, and a significant production royalty. The Company trades on the TSX Venture and the Frankfurt/Freiverkehr & Xetra Exchanges and has 33,170,400 common shares outstanding.
Neither 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 news release.