VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 20, 2014) - Eagle Mountain Gold Corp. ("Eagle Mountain" or the "Company") (TSX VENTURE:Z)(FRANKFURT:E9X1)(OTCQX:EMGCF) is pleased to announce results of the voting at its special general meeting of shareholders held on February 20, 2014, in Vancouver, British Columbia (the "Meeting"). At the Meeting, the Company received overwhelming shareholder approval for its proposed business combination with Goldsource Mines Inc. by way of a three-cornered amalgamation (the "Transaction"), with over 99% of tendered shares voted in favour.
The closing of the Transaction is scheduled to occur on February 28, 2014. The Transaction is subject to the Company obtaining final approval of the TSX Venture Exchange. A news release will be issued once the Transaction has closed. A summary of the Transaction is provided in the Company's news release dated November 26, 2013.
The Company also announces that it has granted an aggregate of 1,500,000 incentive stock options to one consultant with an exercise price of $0.10 per share for a period of three years from the date of grant, and one director-nominee with an exercise price of $0.12 per share, for a period of five years from the date of grant. Any shares issued under the option grant will be subject to a four-month hold period from the date of the grant, pursuant to the policies of the TSX Venture Exchange.
On behalf of the Board of Directors of Eagle Mountain Gold Corp.
Ioannis (Yannis) Tsitos, President, CEO & Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.