Andean Precious Metals Announces Stock Option Grant

Rhea-AI Summary

Andean Precious Metals Corp. granted 200,000 stock options to its new independent director, Michele Ashby, with an exercise price of C$1.15, vesting after 12 months from January 2, 2024, and expiring 5 years from the effective date.

Toronto, Ontario--(Newsfile Corp. - February 9, 2024) - Andean Precious Metals Corp. (TSXV: APM) (OTCQX: ANPMF) ("Andean" or the "Company") announced today that its board of directors approved the grant of 200,000 stock options to its newest independent director, Michele Ashby, pursuant to Andean's Omnibus Long-Term Incentive Plan, as approved by the Company's shareholders on September 8, 2022.

The stock options have an exercise price of C$1.15 and shall vest on the date that is twelve months from January 2, 2024. The stock options were granted effective January 2, 2024 and expire 5 years from the effective date.

About Andean Precious Metals

Andean is a growing precious metals producer focused on expanding into top-tier jurisdictions in the Americas. The Company owns and operates the San Bartolomé processing facility in Potosí, Bolivia and the Soledad Mountain mine in Kern County, California, and is well-funded to act on future growth opportunities. Andean's leadership team is committed to creating value; fostering safe, sustainable and responsible operations; and achieving its ambition to be a multi-asset, mid-tier precious metals producer.

For more information, please contact:

Trish Moran
VP Investor Relations
tmoran@andeanpm.com
T: +1 416 564 4290

Neither the TSX Venture Exchange, Inc. nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/197511

FAQ

What is the exercise price of the stock options granted to Michele Ashby by Andean Precious Metals Corp.?

The exercise price of the stock options granted to Michele Ashby by Andean Precious Metals Corp. is C$1.15.

When will the stock options granted to Michele Ashby vest?

The stock options granted to Michele Ashby by Andean Precious Metals Corp. will vest on the date that is twelve months from January 2, 2024.

When do the stock options granted to Michele Ashby expire?

The stock options granted to Michele Ashby by Andean Precious Metals Corp. expire 5 years from the effective date, which was January 2, 2024.

Who approved the grant of stock options to Michele Ashby at Andean Precious Metals Corp.?

The board of directors at Andean Precious Metals Corp. approved the grant of stock options to Michele Ashby.