2013 News

James T. Gillis of #1100 - 235 First Avenue, Kamloops, British Columbia, announces that he has acquired ownership of 300,000 units of Advance Gold Corp. (the "Issuer"), each unit comprised of one common share in the capital of the Issuer and one share purchase warrant, each warrant entitling the purchase of one common share at a per share price of $0.10 for a period of two years from the date of issuance. The 300,000 common shares acquired represent approximately 0.8% of the Issuer's issued and outstanding common shares. Mr. Gillis has also been granted incentive stock options entitling the purchase of 150,000 common shares in the capital of the Issuer, the common shares underlying the options representing approximately 0.4% of the Issuer's issued and outstanding common shares. Following the acquisition and the grant of options, Mr. Gillis owns, directly and indirectly, 3,634,000 common shares in the capital of the Issuer representing approximately 9.5% of the Issuer's issued common shares, and owns, directly and indirectly, options and warrants entitling the purchase of an aggregate 2,450,000 common shares of the Issuer, or, assuming exercise of the options and warrants, a total of 6,084,000 common shares or approximately 14.9% of the Issuer's issued and outstanding common shares on a post-conversion beneficial ownership basis.

The units were acquired for investment purposes by subscription for cash at a per unit price of $0.05 pursuant to the terms of a private placement offering by the Issuer. The options were granted to Mr. Gillis by the Issuer in accordance with and subject to the terms of the Issuer's Stock Option Incentive Plan and a Notice of Stock Option Grant and Stock Option Agreement entered into by Mr. Gillis and the Issuer. The options are exercisable at a per share price of $0.05 until September 18, 2018, subject to earlier termination in accordance with the term of the Plan and the Stock Option Agreement. These security holdings will be evaluated and the investment increased or decreased from time to time as circumstances warrant.

A report respecting this acquisition will be electronically filed with the Securities Commission in British Columbia and Alberta and will be available for viewing through the Internet at the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.

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