VANCOUVER, June 1, 2020 - Roughrider Exploration Limited ("Roughrider")(TSXV:REL) announces the grant of 2,000,000 stock options to Directors, Officers and Consultants of the Company pursuant to the Company's Stock Option Plan, subject to TSX Venture Exchange approval. Each option is exercisable into one common share of the Company at an exercise price of $0.18 per share with an expiry of June 1, 2025.
About Roughrider Exploration Limited
Roughrider's current focus is the exploration of its 100% owned Eldorado, Gin and Bonanza Properties located in the Golden Triangle area of northern British Columbia, adjacent to the Red Chris Mine (owned and operated by Newcrest Mining Ltd. and Imperial Metals Corp.). Additionally, Roughrider will continue to review strategic precious metal acquisition opportunities in western North America. Roughrider also holds a 100% ownership in the Sterling Property located in central BC.
On Behalf of the Board of Directors:
"Adam Travis"
Adam Travis, Chief Executive Officer and Director
For further information, please contact:
Roughrider Exploration Ltd.
Adam Travis, CEO
625 Howe Street, Suite 420
Vancouver, B.C. V6C 2T6, Canada
P: 250-878-7554
E: adam@roughriderexploration.com
NR20-05
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.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Certain information contained or incorporated by reference in this press release, including any information regarding the proposed Transaction, private placement, board and management changes, as to our strategy, projects, plans or future financial or operating performance, constitutes "forward-looking statements." All statements, other than statements of historical fact, are to be considered forward-looking statements. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by Roughrider, are inherently subject to significant business, economic, geological and competitive uncertainties and contingencies. Although Roughrider believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include but are not limited to: fluctuations in market prices, exploration and exploitation successes, continued availability of capital and financing, changes in national and local government legislation, taxation, controls, regulations, expropriation or nationalization of property and general political, economic, market or business conditions. Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance and, therefore, readers are advised to rely on their own evaluation of such uncertainties. All of the forward-looking statements made in this press release, or incorporated by reference, are qualified by these cautionary statements. We do not assume any obligation to update any forward-looking statements.
SOURCE: Roughrider Exploration Ltd.
