MONTREAL, QUEBEC--(Marketwire - July 5, 2012) - Golden Tag Resources Ltd. (TSX VENTURE:GOG) (the "Company") is pleased to announce the appointment of Mr. Jamie Levy as a director of the Company. Mr. Levy brings 20 years of financial market experience having worked with Taurus Capital and Byron Securities culminating as Vice-President, Trading and Head Trader with Pinetree Capital Inc responsible for Pinetree's investment portfolio. Mr Levy holds a B.A. in Economics from Concordia University.
Pursuant to this appointment, the Company has granted 250,000 incentive options for a period of 5 years exercisable at a price of $0.22, which is an approximate 19% discount to the Company's closing price of $0.27 on July 4, 2012. The options are subject to regulatory approval and a vesting schedule whereby one-third of the options will vest every six months over an eighteen month period after the date of the grant.
Golden Tag Resources Ltd. is a junior exploration company exploring for high grade gold and silver deposits at the San Diego silver project in Durango State, Mexico; the Aquilon Gold Project in James Bay, Quebec; and the McCuaig gold project in Red Lake, Ontario. Golden Tag has 53,426,558 issued and outstanding shares and has no debt.
Statements in the release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainities. Actual results could differ materially. We undertake no duty to update any forward-looking statement to conform the statements to actual results or changes in our expectations.
Neither the 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 news release.