GRANTING OF STOCK OPTIONS
Chris England, President of Silver Fields Resources Inc., announces that the Company has granted stock options to certain directors, officers and consultants of Silver Fields to purchase up to a total of 1,000,000 common shares in the capital stock of Silver Fields. The options are exercisable at a price of $0.125 per share on or before May 17, 2015. Prior to granting the new options, stock options to purchase an aggregate of 485,000 common shares were cancelled.
Silver Fields has granted additional stock options to certain directors, officers and consultants to purchase an aggregate of an additional 1,168,030 common shares, which options are exercisable at a price of $0.125 per share on or before May 17, 2015. This second series of option grants are subject to approval at the next shareholder meeting of Silver Fields to an increase in Silver Field’s fixed 20% stock option plan from 1,000,000 shares to 20% of the then current issued and outstanding share capital. Until shareholder approval has been obtained this second series of stock options may not be exercised by the optionees.
Statements about the Company’s future expectations and all other statements in this press release other than historical facts are “forward looking statements”. The Company intends that such forward-looking statements be subject to the safe harbours created thereby. Since these statements involve risks and uncertainties and are subject to change at any time. The Company’s actual results may differ materially from the expected results.
We seek Safe Harbor.