June 6, 2016 - Vancouver, British Columbia, Canada: Bard Ventures Ltd. ("Bard" or the "Company") announces that it has granted its directors, officers and consultants stock options (the "Options") to purchase a total of 2,500,000 common shares of the Company in accordance with its Stock Option Plan and subject to the policies of the TSX Venture Exchange. The Options are exercisable at a price of $0.05 per share and expire on June 6, 2026.
The Company also announces that it has entered into agreements to settle an aggregate of $30,000 in outstanding debt owed to creditors for services provided to the Company. The Company is proposing to settle the debt by issuing an aggregate of 600,000 common shares of the Company at a deemed price of $0.05 per debt share. All debt shares issued to settle the debt will be subject to a four-month hold period, and the issuance of the debt shares will be subject to approval of the TSX Venture Exchange.
On behalf of:
Bard Ventures Ltd.
Eugene Beukman, President
For further information please visit our website at www.bardventures.com.
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.
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