VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 17, 2013) - Vega Mining Inc. (Vega) (TSX VENTURE:VMI) announces that pursuant to its stock option plan, the Company has granted incentive stock options to its directors, officers, consultants, and employees to purchase in the aggregate of 240,000 common shares in the capital stock of the company, subject to regulatory approval, exercisable for a period of five years, at a price of $0.07 per share.
The Company further announces that Charles Desjardins will be assuming the position of Chairman of the Board.
In early 2014, the Company expects to initiate work on its wholly owned Canadian graphite properties as well as investigate other opportunities that could enhance shareholder value.
Vega Mining Inc. (TSX VENTURE:VMI) is a Canadian junior exploration company focused on discovering gold and graphite deposits in politically safe jurisdictions.
On behalf of the board of VEGA MINING INC.
Archie Boyce, President
"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."
This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible