Acadian Gold Amends Stock Option Plan.HALIFAX, Nova Scotia For other uses, see Halifax. Halifax, Nova Scotia may refer to any of the following:
TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:ADA Ada, city, United States Ada (ā`ə), city (1990 pop. 15,820), seat of Pontotoc co., S central Okla.; inc. 1904. It is a large cattle market and the center of a rich oil and ranch area. ) announces that Shareholders at the Annual & Special Meeting of Acadian Gold held in Halifax, Nova Scotia, on May 26, 2005, approved the adoption a rolling 10% stock option plan ("Plan") to replace Acadian Gold's former stock option plan. The Plan is structured as a "rolling" stock option plan pursuant to TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. Policy 4.4, reserving for issuance a maximum of 10% of the issued and outstanding common shares of Acadian Gold at the time of the stock option grants. About Acadian Gold Corporation Acadian Gold Corporation is a gold exploration company focused on developing five advanced gold projects as well as sixteen others in the Nova Scotia Nova Scotia (nō`və skō`shə) [Lat.,=new Scotland], province (2001 pop. 908,007), 21,425 sq mi (55,491 sq km), E Canada. Geography goldfields n. 1. A small slender woolly annual (Lasthenia chrysostoma) with very narrow opposite leaves and branches bearing solitary golden-yellow flower heads; it grows from Southwestern Oregon to Baja California and Arizona; - it is often cultivated. in Canada, and exploring a new gold discovery in New Brunswick New Brunswick, province, Canada New Brunswick, province (2001 pop. 729,498), 28,345 sq mi (73,433 sq km), including 519 sq mi (1,345 sq km) of water surface, E Canada. , Canada. A new geological concept, the ribbon model, recently developed and proven successful in Bendigo, Australia, is being applied with success in the geologically similar Nova Scotia goldfields. Acadian Gold is presently concentrating on developing four advanced gold properties, all of which are 100% controlled; Forest Hill, Tangier, Beaver Dam and Goldenville. As at March 2, 2005 measured and indicated resources stand at 298,126 ounces gold and inferred resources stand at 1,006,271 ounces gold. The Company's current work programs designed to move these projects forward in a logical, systematic manner include scoping studies, environmental permitting to re-access the mines, and diamond drilling. Acadian Gold is bringing a new approach to the development of gold mines in Nova Scotia by pursuing a multiple mine-central processing strategy. For additional information on the Company's properties and activities, please visit our recently updated web site at www.acadiangold.ca. If you wish to be added to the Company's e-mail or fax distribution list for future news releases and updates, please contact us at phone: 902-444-7779, fax: 902-444-3296 or email: mail@acadiangold.ca. Shares Outstanding: 48,092,473 The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Acadian Gold Corporation (TSX VENTURE:ADA) |
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