Montr�al (Qu�bec), February 7th , 2008
- First Gold Exploration Inc. (TSX Venture Exchange: EFG) ("First Gold") announce it has increased by
479,550 the number of common shares reserved for issuance pursuant to its stock
option plan (the � Plan �).
The number of common shares reserved for issuance under the Plan is now
set at 1,575,000. The increase is
subject to the approval of the TSX Venture Exchange (the � Exchange �).
Furthermore,
following the increase, the Directors of First Gold have approved the granting
of a total of 675,000 stock options to an employee (75,000), to a Director of
the corporation, Denis Simoneau (100,000) and to an Officer of the corporation,
�ric Leboeuf (500,000). Each option entitles to acquire one (1) common share at
a price of $0.20 per share until February 4th, 2010. These options are subject to Exchange
approval and subject to a four (4) month hold period following their date of
grant.
Additional information: �ric
Leboeuf President and
chief executive officer Phone: (514)
234-6488 Email:
president@firstgoldexploration.com www.firstgoldexploration.com
The
TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this release.
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