Paget Minerals Corporate Update
December 07 2012 - 5:00PM
Marketwired
Paget Minerals Corp. (TSX VENTURE:PGS) ("Paget" or the "Company")
announces that it has granted a total of 775,000 incentive stock
options (the "Options") to directors and officers of the Company.
The Options are exercisable at $0.15 per share for a period of five
years from the date of grant and vest on the basis of 50% upon the
date of grant and 50% upon the first anniversary of the date of
grant. The Options were granted pursuant to the Company's
shareholder-approved stock option plan and are subject to the
policies of the TSX Venture Exchange and any applicable regulatory
hold periods.
The Company also announces that, effective December 1, 2012, it
has extended its marketing services agreement with NV Marketing
Ltd. ("NVM") of Vancouver, pursuant to which NVM provides strategic
marketing consulting services to the Company, for a further one
year term. NVM was founded by Nichola Vermiere and specializes in
marketing and branding services to raise awareness amongst
prospective investors and the investment community. Paget will pay
NVM a monthly fee of $4,000 for professional services and will
grant to NVM 100,000 options to purchase common shares in Paget at
a price of $0.15 per share. The options will vest as follows: 25%
on the date of grant, 25% on the date that is three months after
the date of grant, 25% on the date that is six months after the
date of grant, and 25% on the date that is 12 months after the date
of grant. Paget will also reimburse NVM for pre-approved expenses.
Except for the marketing services agreement and the options to be
granted pursuant thereto, Paget is not aware of NVM having any
other interest, directly or indirectly, in Paget or its securities,
or any right or intent to acquire such interest.
About Paget Minerals Corp.
Paget Minerals Corporation is a publicly traded resource company
focused on mineral exploration and the advancement of the company's
priority Ball Creek Project in British Columbia. The company hosts
a 52,442-hectare, contiguous mineral tenure package in the Golden
Triangle - Iskut Mineral District located just 8km west of Highway
37 and only 36km northwest of the new Northwest Transmission Line
Substation at Bob Quinn and neighbors three major mine development
projects in the Golden Triangle -- Galore Creek, Schaft Creek and
Red Chris. In 2012, Paget focused its BC exploration program on the
Ball Creek Project and advanced its exploration in Mexico. Paget
also maintains its equity position in Trident Gold Corp. exploring
for gold in Colombia. David Volkert, President and CEO, serves as
the Qualified Person under the definitions of NI 43-101.
On Behalf of the Board of Paget Minerals Corp.,
David F. Volkert, President & CEO
Neither 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.
Contacts: Paget Minerals Corp. David Volkert President & CEO
(778) 327-4449 (778) 330-5492 (FAX) www.pagetminerals.com