VANCOUVER, British Columbia, Nov. 19, 2018 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or “the Company”) (TSXV: KNT; OTCQB: KNTNF) announces the grant of 1,730,000 stock options to officers, employees and consultants of the Company, pursuant to the terms of the Company’s Stock Option Plan. The options are exercisable at $0.74 per share, expire on November 19, 2023, and vest in quarterly increments over twelve months from the date of grant.
About K92 Mining
K92 Mining has commenced commercial gold production from the Kora Gold Deposit (via mining at the Kora Northern Extension), which is part of the Company’s Kainantu Gold Project located in the Eastern Highlands province of Papua New Guinea. In November 2018, the Company announced completion of an updated resource estimate of its Kora North deposit, based on results from underground grade control, exploration diamond drilling in 80 drill holes, and face sampling. The updated resource estimate will update and replace the previous Preliminary Economic Assessment (PEA). It is anticipated that the new PEA will be published by January 2019.
ON BEHALF OF K92 MINING INC.
Chief Executive Officer and Director
For further information, please contact the Company at +1-604-687-7130.
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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release may include certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information, including statements regarding the realization of the preliminary economic analysis for the Project, expectations of future cash flows, the proposed plant expansion, potential expansion of resources and the generation of further drilling results which may or may not occur. Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the market price of the Company’s securities, metal prices, exchange rates, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes, failure of plant, equipment or processes to operate as anticipated, accidents, labour disputes, claims and limitations on insurance coverage and other risks of the mining industry, changes in national and local government regulation of mining operations, and regulations and other matters. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.