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North American Gem Inc. (NAG) (TSX
VENTURE:NAG - News) announces that pursuant
to its stock option plan, the Company has granted incentive stock options to
its directors, officers, consultants, and employees to purchase in the total
of 890,000 common shares in the capital stock of the company, subject to
regulatory approval, exercisable for a period of five years, at a price of
$0.125 per share.
North American Gem Inc. (TSX VENTURE:NAG
- News) is a junior
resource company in Western Canada. The company's major focus is expanding
its coal mining operations at its flagship properties in Kentucky. In
addition, the company has interests in coal, copper, molybdenum, and other
base metals in Canada.
On Behalf of the Board of Directors
NORTH AMERICAN GEM INC.
Charles Desjardins, President and
Director
Cautionary note:
This report contains forward looking
statements. Resource estimates, unless specifically noted, are considered
speculative. Any and all other resource or reserve estimates are historical
in nature, and should not be relied upon. The production rate and mine-life
projections have been made without support of a feasibility study, there is
no certainty the proposed operations will be economically viable. By their
nature, forward looking statements involve risk and uncertainties because
they relate to events and depend on factors that will or may occur in the
future. Actual results may vary depending upon exploration activities,
industry production, commodity demand and pricing, currency exchange rates,
and, but not limited to, general economic factors. Cautionary Note to US
investors: The U.S. Securities and Exchange Commission specifically prohibits
the use of certain terms, such as "reserves" unless such figures
are based upon actual production or formation tests and can be shown to be
economically and legally producible under existing economic and operating
conditions.
"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."
Contact:
Charles Desjardins
North American Gem Inc.
President and Director
604-683-5445
604-687-9631 (FAX)
info@northamericangem.com
www.northamericangem.com |
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