CSRNF - Announces Grant of Stock Options
(TheNewswire)
Toronto, Ontario - TheNewswire - October 14, 2020 -CANSTAR RESOURCES INC. (TSXV:ROX) (OTC:CSRNF) (" Canstar " or the" Company ") announces that a total of3,800,000 options to purchase common shares of the Company are beinggranted to officers, directors, consultants and employees at anexercise price of $0.28 per share, expiring on October 14, 2025. Thegrant is subject to regulatory approval and vestingrequirements.
About Canstar Resources Inc.
Canstar Resources isfocused on creating shareholder value through the discovery anddevelopment of economic mineral deposits in Newfoundland and Labrador,Canada. Canstar has an option agreement to acquire a 100% interest inthe Golden Baie Project in south-central Newfoundland, a large claimpackage (over 66,000 hectares) with recently discovered, multipleoutcropping gold occurrences on a major structural trend. The Companyalso holds the Buchans-Mary March project and other mineralexploration properties in Newfoundland. Canstar Resources is based inToronto, Canada, and is listed on the TSX Venture Exchange under thesymbol ROX .
For further information, pleasecontact:
Rob Bruggeman P.Eng., CFA
President & CEO
Email: rob@canstarresources.com
Phone: 1-416-884-3556
Forward-Looking Statements
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
This News Release includes certain"forward-looking statements" which are not comprised ofhistorical facts. Forwardlooking statements include estimates andstatements that describe the Company's future plans, objectives orgoals, including words to the effect that the Company or managementexpects a stated condition or result to occur. Forwardlookingstatements may be identified by such terms as "believes","anticipates", "expects", "estimates","may", "could", "would","will", or "plan". Since forward-lookingstatements are based on assumptions and address future events andconditions, by their very nature they involve inherent risks anduncertainties. Although these statements are based on informationcurrently available to the Company, the Company provides no assurancethat actual results will meet management's expectations. Risks,uncertainties and other factors involved with forward-lookinginformation could cause actual events, results, performance, prospectsand opportunities to differ materially from those expressed or impliedby such forward-looking information. Forward looking information inthis news release includes, but is not limited to, the Company'sobjectives, goals or future plans, statements, exploration results,potential mineralization, the estimation of mineral resources,exploration and mine development plans, timing of the commencement ofoperations and estimates of market conditions, as well as theanticipated size of the Offering, the Offering price, the anticipatedclosing date and the completion of the Offering, the anticipated useof the net proceeds from the Offering and the receipt of all necessaryapprovals. Factors that could cause actual results to differmaterially from such forward-looking information include, but are notlimited to failure to identify mineral resources, failure to convertestimated mineral resources to reserves, the inability to complete afeasibility study which recommends a production decision, thepreliminary nature of metallurgical test results, delays in obtainingor failures to obtain required governmental, environmental or otherproject approvals, political risks, inability to fulfill the duty toaccommodate First Nations and other indigenous peoples, uncertaintiesrelating to the availability and costs of financing needed in thefuture, changes in equity markets, inflation, changes in exchangerates, fluctuations in commodity prices, delays in the development ofprojects, capital and operating costs varying significantly fromestimates and the other risks involved in the mineral exploration anddevelopment industry, an inability to complete the Offering on theterms or on the timeline as announced or at all, an inability topredict and counteract the effects of COVID-19 on the business of theCompany, including but not limited to the effects of COVID-19 on theprice of commodities, capital market conditions, restriction on labourand international travel and supply chains, and those risks set out inthe Company's public documents filed on SEDAR. Although the Companybelieves that the assumptions and factors used in preparing theforward-looking information in this news release are reasonable, unduereliance should not be placed on such information, which only appliesas of the date of this news release, and no assurance can be giventhat such events will occur in the disclosed time frames or at all.The Company disclaims anyintention or obligation to update or revise any forward-lookinginformation, whether as a result of new information, future events orotherwise, other than as required by law.
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