GBN: TSX Venture Exchange
SASKATOON, March 19 /CNW/ - Golden Band Resources Inc. (the "Company")
announces that the Company's Board of Directors has approved the issuance of a
total of 1,162,909 options under the Company's Stock Option Plan, as follows:
812,909 performance incentive options at an exercise price of $0.20 were
granted on March 18, 2009 for five-year terms to eleven of the Company's
fulltime employees; with 25% vesting on granting and 12.5% vesting each
quarter thereafter; and 350,000 options were granted to a consultant on
February 16, 2009 for a three-year term at an exercise price of $0.22; with
100,000 vesting on granting, and the balance vesting in two stages upon the
achievement of certain events.
The Company's Board of Directors has not granted options to Directors or
senior management. Salaries in 2009 for all employees, including senior
management, will remain at the 2008 amounts.
On behalf of the Board of Directors of Golden Band Resources Inc.,
"Rodney G. Orr"
Rodney G. Orr, P.Geo.,
President & CEO
All of Golden Band's exploration programs and pertinent disclosure of a
scientific nature are prepared and/or designed and carried out under the
supervision of Frank Hrdy, P.Geo., Golden Band's VP Exploration, who serves as
the qualified person (QP) under the definitions of National Instrument 43-101.
All of Golden Band's development-related programs and pertinent disclosure of
a development nature are prepared and/or designed and carried out under the
supervision of Gary Haywood, P.Eng., Golden Band's VP of Operations and COO,
who serves as the qualified person (QP) under the definitions of National
Instrument 43-101.
Cautionary Statements on Forward-Looking Information: The statements made
in this News Release may contain certain forward-looking information. Actual
results may differ materially from those currently anticipated in such
statements. Certain risk factors may also materially affect the actual results
achieved by the Company. Potential and current shareholders are cautioned not
to place undue reliance on forward-looking information. The Company disclaims
any intent and undertakes no obligation to update publicly or otherwise revise
any forward-looking information whether as a result of new information, future
events, or other such factors that may affect this information, except as
required by law.
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.
%SEDAR: 00007862E
