SOURCE: Baja Mining Corp.
VANCOUVER, BC--(Marketwired - August 28, 2014) - Baja Mining Corp. ("Baja" or the "Company") (TSX VENTURE: BAJ) (OTCQB: BAJFF) announces that the Company has today granted an aggregate of 2,725,000 incentive stock options to the Company's directors, officers and employees (the "Options"), each exercisable for one common share of the Company at an exercise price of $0.05 per Option. The Options have a term of five years and vest immediately. The Options were conditionally approved by the Board of Directors in March 2013, to compensate directors, officers and employees at that time for past and future performance and commitment to the Company during its restructuring. Due to an extended blackout period imposed by the Company dating back to Q2 2012, it was not possible for these options to be granted at that time. The Board of Directors has now approved the granting of the Options in accordance with the Company's Incentive Stock Option Plan last approved by shareholders on June 25, 2013. Any shares issued on the exercise of the Options to directors and officers of the Company are subject to a hold period concluding on December 29, 2014. The grant of the Options is subject to the final approval of the TSX Venture Exchange.
For further information, please contact Baja's Interim CEO Tom Ogryzlo at 604‐685‐2323 or via email at firstname.lastname@example.org
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements or forward-looking information (forward-looking statements). These statements can be identified by expressions of belief, expectation or intention, as well as those statements that are not historical fact. Forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. Forward-looking statements contained in this press release are based on our current estimates, expectations and projections, which the Company believes are reasonable as of the current date. Actual results could differ materially from those anticipated or implied in the forward-looking statements and as a result undue reliance should not be placed on forward-looking statements. Additional risks and uncertainties can be found in the Company's reporting documents filed on SEDAR (www.sedar.com), including its Management Discussion and Analysis and Annual Information Form. Forward-looking statements are given only as at the date of this press release and the Company disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.