Nayarit Gold announces strategic consulting appointment and Grants of stock options
Nayarit Gold Inc. (TSXV: NYG) is pleased to announce that it has engaged Mr .. Colin P. Sutherland as a consultant to undertake a comprehensive strategi c review of Nayarit's business. Mr. Sutherland is a Chartered Accountant w ith extensive management and financial market experience. Until recently h e served as Chief Financial Officer of Gammon Lake Resources Inc. (TSX: "G AM"; AMEX: "GRS"). During his three years at Gammon Lake Resources Inc., M r. Sutherland was an instrumental part of the management team which placed the Ocampo Mine (gold and silver - Chihuahua State, M�xico) into producti on, and completed the successful merger with Mexgold Resources Inc. which o wns and operates the El Cubo Mine (gold and silver - Guanajuato State, M� xico). During his tenure there, Gammon Lake's market capitalization grew f rom $300 million to over $2 billion.
Mr. Sutherland's consulting assignment with Nayarit could lead to his appoi ntment as a senior officer of Nayarit.
Nayarit's board of directors granted a total of 1,550,000 stock options to directors and consultants of Nayarit at an exercise price of $0.98 per shar e expiring on May 17, 2012. Mr. Sutherland received 500,000 of these optio ns.
Nayarit Gold Inc. is a Toronto based junior resource company dedicated to g old exploration in the proven precious metal districts of M�xico. Manage ment's goal is to build a profitable resource company and maximize sharehol der value through successful exploration and early drill testing of the bes t targets. For further information on Nayarit Gold please visit the company 's website at www.nayaritgold.com or contact the Nayarit Gold office in Tor onto by telephone at 647-477-6264 or by email at info@nayaritgold.com.
CAUTIONARY STATEMENT
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or oth er regulatory authority has approved or disapproved the information contain ed herein. This News Release includes certain "forward-looking statements" .. All statements other than statements of historical fact, included in thi s release, including, without limitation, statements regarding potential mi neralization and reserves, exploration results, and future plans and object ives of Nayarit, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such sta
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Nayarit Gold Inc.
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CODE : NYG.V |
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Nayarit Gold est une société d’exploration minière d'or basée au Canada. Nayarit Gold est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 47,0 millions CA$ (46,4 millions US$, 35,6 millions €). La valeur de son action a atteint son plus haut niveau récent le 29 décembre 2006 à 1,92 CA$, et son plus bas niveau récent le 21 novembre 2008 à 0,25 CA$. Nayarit Gold possède 87 091 000 actions en circulation. |