TORONTO, Feb. 24,
2023 /CNW/ - Angel Wing Metals Inc. (TSXV:
AWM) ("Angel Wing Metals" or the "Company") announces
that pursuant to Company's stock option plan, 500,000 stock options
at an exercise price of $0.15 were
granted to the certain directors of the Company. The stock options
granted vest immediately and are exercisable for a period of ten
years from date of grant.
The Company relied on sections 5.5 (a) and (b) and 5.7(a) and
(b) of MI 61-101 as the exemption from the minority approval
requirements of MI 61-101 in respect of the grant of options to the
directors of the Company as neither the fair market value of the
subject matter of, nor the fair market value of the consideration
for, the grant of the options to the director of the Company
exceeded 25% of the Company's market capitalization.
ABOUT ANGEL WING METALS
Angel Wing Metals (TSXV: AWM) is focused on the exploration and
development of its portfolio of precious metals properties in
Mexico and Canada. The Company's flagship El Grande
Project covers 655km2 in the southern extension of the
prolific Sierra Madre Occidental gold-silver belt in the state of
Nayarit, Mexico and demonstrates
significant gold and silver mineralization.
Angel Wing Metals is committed to sustainable and responsible
exploration and business activities in line with industry best
practices, supportive of all stakeholders, including the local
communities in which the Company operates.
For more information, please visit the Company's website at
www.angelwingmetals.com.
ON BEHALF OF THE BOARD OF ANGEL WING METALS INC.
"Bryan Wilson"
President & CEO
Email: bwilson@angelwingmetals.com
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.
SOURCE Angel Wing Metals Inc.