TORONTO, ONTARIO--(Marketwire - Sept. 5, 2012) - New Klondike Exploration Ltd. (TSX VENTURE:NK) ("New Klondike" or the "Company") announces that it has granted a total of 900,000 stock options to officers and directors of New Klondike today for the purchase of common shares of the Company. The options are exercisable for a period of five years at an exercise price of $0.10 each and will expire on September 4, 2017.
The stock options have been granted pursuant to the terms of the Company's 2012 Stock Option Plan (the "Plan") adopted and approved by shareholders at the Annual and Special Meeting of Shareholders held on Friday, July 13, 2012. A total of, up to, 10% of the Company's issued common shares are reserved for grant under the Plan. New Klondike presently has 11,142,497 common shares issued. Each stock option gives the option holder the right to purchase one common share of the Company. Immediately following the grant of the above stock options the Company has a total of 900,000 stock options outstanding.
About New Klondike
Management remains focused on finalizing the Company's recent reorganization and advancing the acquisition of a new exploration project. A New Klondike website will be launched in the near future.
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 press release.