(TheNewswire)
Vancouver, BC / TheNewswire / October 10, 2017 - Eastfield Resources Ltd. - The Company has granted a total of 500,000 incentive stock options to a director and senior officer, of the Company pursuant to the Company's stock option plan. The stock option plan (a "fixed" plan with 4,489,491 shares reserved for issuance) was approved by shareholders on September 7, 2016. The 500,000 options are exercisable for a period of ten years at a price of $0.05 per share and are subject to the approval of the TSX Venture Exchange. The option and the shares issuable upon exercise shall be subject to a four month hold period from the date of the grant of the options. Following the resignation of a director (retirement) and a consultant, options for the purchase of 730,000 shares were cancelled effective today. Following the grant and the cancellations, there are 4,030,000 stock options outstanding with expiries from 2018 through 2027 and exercise prices ranging from $0.05 to $0.13 per share.
The Company presently has 44,894,919 shares issued and outstanding.
J. William Morton, P.Geo.
Eastfield Resources Ltd.
The TSX - Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein 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. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX - Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.
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