Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
TORONTO, ONTARIO–(Marketwire – Sept. 29, 2012) – Victory Gold Mines Inc. (CNSX:VGO)(MUN:1VG) announces that the Board of Directors has, subject to regulatory approval, granted stock options to directors, officers and consultants exercisable at $0.20 per option for up to five years to acquire up to an aggregate of 875,000 common shares of the company under the stock option plan.
Victory Gold Mines Inc. is exploring and expanding a former producing gold deposit situated between two producing gold mines in the Timmins Gold District.
Please visit www.victorygoldmines.com for additional information.
Certain statements contained in this news release constitute “forward looking statements”. These statements are based on current expectations of management, however are subject to known and unknown risks, and other factors that may cause actual results to differ materially from the forward-looking statements in this news release. Readers are cautioned not to place undue reliance on these statements. The company does not undertake any obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise after the date hereof, except as required by securities laws.
Shares Outstanding: 40,743,098
Victory Gold Mines Inc.
John Kontak
President
(416) 637-4616
[email protected]
Victory Gold Mines Inc.
David Black
IR
(416) 637-4616
[email protected]
Victory Gold Mines Inc.
Eric Balog
(416) 742-5600 extension 235
[email protected]
Victory Gold Mines Inc.
Maurice Hoewler
Europe
+49 40 55 44 6945
[email protected]
www.victorygoldmines.com
