Press Release
November 19, 2010 17:15 ET
Kilo Grants Stock Options
TORONTO, ONTARIO--(Nov. 19, 2010) - Kilo Goldmines Ltd. (TSX VENTURE:KGL)(FRANKFURT:02K) ("Kilo" or the "Company") announced today that it has granted options to acquire an aggregate of 2,220,000 common shares for directors, officers, employees and consultants of the Company and its subsidiaries under its stock option plan. Each option is exercisable to acquire one common share at a price of $0.30 for a five-year period. All options granted are subject to regulatory approval and a four-month holding period.
About Kilo Goldmines Ltd.
Kilo Goldmines Ltd. is a Canadian gold exploration company that is listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. The Company has approximately 16,000 square kilometres of favourable Archaean Kabalian greenstone in the Kilo-Moto area in the Democratic Republic of the Congo. Kilo's principal focus is to advance its projects from exploration through feasibility to project development and ultimately to full production in a socially and environmentally responsible manner.
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.
For more information, please contact:
Kilo Goldmines Ltd.Peter Hooper
Executive Chairman
+1-416-360-3415
[email protected]
www.kilogoldmines.com
