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Golden Band Resources Inc. (announces that its
Board of Directors has approved the issuance of a total of 4,110,000
incentive options under the Company's Stock Option Plan. The options were
granted as follows:
Position of
Optionee(s)
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Date of
Grant Approval
|
Number of
Optioned Shares
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Exercise Price
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Employees
|
December 24, 2010
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510,000
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$0.60
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Directors & Officers
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December 24, 2010
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3,300,000
|
$0.60
|
Consultants
|
December 24, 2010
|
300,000
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$0.60
|
These options are exercisable into
common shares of the Company at a price of $0.60
per share for a period of five years from the date of the grant, and will
vest in accordance with TSX Venture Exchange guidelines and the Company's
stock option plan.
About Golden Band
Golden Band Resources, already Saskatchewan's
leading gold explorer, is now poised to also become its newest gold producer.
Golden Band is a Saskatchewan-based, publicly
listed company (CDNX:GBN.V) whose focus is the
long-term, systematic exploration and development of its largely 100%-owned
La Ronge Gold Belt properties. Since 1994, Golden Band has assembled through staking and
strategic acquisition a land package of more than 750 km2,
including twelve known gold deposits, four former producing gold mines, and
the licensed Jolu gold mill. Golden Band's key
value drivers are the methodical and systematic targeting of primary to
advanced-stage exploration while progressing along a parallel path to
becoming a sustainable gold producer. The Company is aggressively pursuing
its near-term goal for development and production from its Bingo, Komis, EP, and Golden Heart
gold deposits, with processing at the 100%-owned Jolu
mill. Longer-term objectives include production from the Company's other
deposits and the continuation of its highly successful exploration and
acquisition strategy.
On behalf of the Board of Directors of Golden Band Resources Inc.,
"Ronald K. Netolitzky"
Ronald K. Netolitzky, Executive Chairman
All of Golden Band's development-related
programs and pertinent disclosure of a development nature are prepared and/or
designed and carried out under the supervision of Gary
Haywood, P.Eng., Golden Band's Vice
President of Operations and COO, who serves as the qualified person (QP)
under the definitions of National Instrument 43-101.
Cautionary Statements on Forward-Looking
Information: The news
release includes certain "forward-looking information within the meaning
of Canadian securities legislation and "forward-looking statements"
within the meaning of the United States
Private Securities Litigation Reform Act of 1995 (collectively "forward
looking statements")." All statements other than statements of
historical fact included in this release, including, without limitation,
statements regarding planned development, potential mineralization,
interpretation of prior exploration and potential exploration results, the
timing and success of potential financing, development and exploration
activities generally, the timing and results of future resource estimates,
and future plans and objectives of Golden Band
are forward-looking statements that involve various risks and uncertainties.
There can be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such statements. Although the Company has attempted to
identify important factors that could cause actual actions, events or results
to differ from those described in forward-looking statements, there may be
other factors that cause such actions, events, or results to differ
materially from those anticipated. There can be no assurance that
forward-looking statements will prove to be accurate and accordingly readers
are cautioned not to place undue reliance on forward-looking statements.
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 release.
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