TORONTO, ONTARIO, Feb. 22, 2010 (Marketwire) -- Gowest Amalgamated Resources Ltd. ("Gowest" or the "Company") (TSX VENTURE:GWA) announces that a total of 2,350,000 options to purchase common shares of the Company are being granted to directors, officers and consultants at an exercise price of $0.32 per share, expiring on February 22, 2015. The grant is subject to regulatory approval.
Gowest is a Canadian gold exploration and development company focused on financing, exploring, growing and mining its 100% owned 510,000 oz (2,200,000 tonnes @ 6.5 g/t) Frankfield East gold deposit, part of the greater Frankfield Project in the prolific Timmins gold camp.
This news release contains certain "forward looking statements". Such forward-looking statements involve risks and uncertainties. The results or events depicted in these forward-looking statements may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
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.