CBJ

CB Gold Inc. (TSX VENTURE:CBJ) ("CB Gold" or the "Company") announces that due
to the recent volatility in the gold price and the constrained financial markets
it continues to actively reduce costs and conserve its cash, whilst also
progressing its NI 43-101 resource statement and Preliminary Economic Assessment
for its Vetas Gold project. Giles Baynham has resigned as President and Director
of CB Gold, effective December 20th, 2013, and other officers and directors have
accepted temporary reductions in salaries and fees of 33% to 100%, demonstrating
an acknowledgement of the need for restraint at this time and assisting in the
preservation of the Company's cash resources, while maintaining a focus on the
long term objectives of the Company and its shareholders. The Chief Executive
Officer will take on the role of President of the Company.


Fabio Capponi, CEO of CB Gold commented, "Giles has made a valuable contribution
to CB Gold during his term as President. I want to thank him for his input over
the past four years and wish him the best in his future endeavors."


The company also announces the issuance of up to 2,775,000 incentive stock
options to various directors, advisory board members, officers, employees and
key consultants. The options have been issued under the Company's existing Stock
Option Plan, have an exercise price of $0.13 and are exercisable for a period of
five years.


About CB Gold Inc.:

CB Gold is a mineral exploration company headquartered in Vancouver, British
Columbia. CB Gold, through its wholly-owned subsidiary, Leyhat Colombia
Sucursal, is actively pursuing the exploration and development of mineral
properties in the Republic of Colombia. The Vetas Gold Project consists of a
number of existing mines (operations currently suspended) and exploration
concessions.


For more information on CB Gold please visit our web site at www.cbgoldinc.com.

Cautionary Note Regarding Forward-Looking Statements

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.


The securities of CB Gold described herein have not been and will not be
registered under the United States Securities Act of 1933, as amended (the "U.S.
Securities Act") or any state securities laws and may not be offered or sold
within the United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption from such
registration is available.


Some of the statements contained in this release are forward-looking statements,
such as the expected use of proceeds and estimates and statements that describe
the Company's future plans, objectives or goals, including words to the effect
that the Company or management expects a stated condition or result to occur.
Since forward-looking statements address future events and conditions, by their
very nature, they involve inherent risks and uncertainties. Actual results in
each case could differ materially from those currently anticipated in such
statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
CB Gold Inc.
Fabio Capponi
CEO
+1 (604) 630-5870
info@cbgoldinc.com
www.cbgoldinc.com

CB Gold Inc. (TSXV:CBJ)
過去 株価チャート
から 5 2024 まで 6 2024

CB Gold Inc. (TSXV:CBJ)
過去 株価チャート
から 6 2023 まで 6 2024