Western Exploration Grants Incentive Stock Options
August 06 2024 - 5:00PM
Business Wire
Western Exploration Inc. (TSXV: WEX; OTCQX: WEXPF) (the
"Company" or "Western Exploration") wishes to
announce that on August 5, 2024, in accordance with its omnibus
equity incentive plan (the "Plan"), the Company has granted to
certain directors, officers, employees, and consultants of the
Company a total of 1,265,000 stock options (each, an
"Option"), with each Option exercisable for one common share
of the Company (each a "Common Share") at a price of $1.10
per Common Share for a period of 3 years from the date of grant.
The Options will vest according to the following schedule: one-half
immediately, one-quarter at 12 months after the date of grant, and
the remaining quarter at 24 months after the date of grant.
In addition, the Company wishes to announce that it has issued
150,000 stock options in accordance with the Plan (each an "IR
Option") to Peak Investor Marketing Corp., for certain investor
relations services being provided to the Company, as previously
announced in the news releases of the Company dated June 28, 2024
and July 24, 2024. Each IR Option is exercisable for a Common Share
at a price of $1.10 per Common Share for a period of 3 years from
the date of grant. The IR Options will vest according to the
following schedule: one-half at 6 months after the date of grant,
one-quarter at 12 months after the date of grant, and the remaining
quarter at 18 months after the date of grant.
The Options and IR Options are subject to TSX Venture Exchange
("TSXV") policies and regulations and, where applicable, are
subject to a hold period of four months and one day in accordance
with Canadian securities laws.
About Western Exploration
Western Exploration is focused on advancing the 100% owned
gold-silver Aura project, located approximately 120 kilometers/75
miles north of the city of Elko, Nevada. The project includes three
unique gold and silver deposits: Doby George, Gravel Creek, and
Wood Gulch and benefits from well-established infrastructure
including year-round access by highway and county-maintained road,
and nearby access to water and electricity.
Western Exploration is comprised of an experienced team of
precious metals experts that aim to lead the company to becoming
North America's premiere gold and silver development company.
Additional information regarding Western Exploration and the
Aura Project can be found on the Company's website and on SEDAR+
(www.sedarplus.ca) under the Company's issuer profile.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this news release.
No stock exchange, securities commission or other regulatory
authority has approved or disapproved the information contained
herein.
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version on businesswire.com: https://www.businesswire.com/news/home/20240806930578/en/
For more information please contact:
Darcy Marud Chief Executive Officer Telephone: (775) 329-8119
Email: dmarud@westernexploration.com
Nichole Cowles Investor Relations
Telephone: 775-240-4172
Email: nicholecowles@westernexploration.com
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