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Altima Grants Stock Options

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Altima Resources Ltd. (TSXV: ARH) (FSE: AKC) (OTC Pink: ARSLF) grants 4,000,000 stock options to eligible directors, officers, and consultants at an exercise price of $0.05 per share, vesting immediately and exercisable until December 8, 2028.
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Vancouver, British Columbia--(Newsfile Corp. - December 8, 2023) - Altima Resources Ltd. (TSXV: ARH) (FSE: AKC) (OTC Pink: ARSLF) announces the grant of stock options to certain eligible directors, officers and consultants to purchase a total of 4,000,000 common shares. The stock options vest immediately and are exercisable, in whole or in part, on or before December 8, 2028 at an exercise price of $0.05 per share.

ON BEHALF OF THE BOARD

Richard Barnett, CFO
Contact: (604) 336-8610

Neither the 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.

Forward Statements:

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to: availability of capital and financing required to continue the Company's exploration and development plans; general economic, market or business conditions; the actual results of current and planned exploration activities; fluctuating commodity prices; risks associated with property option agreements, leases, joint ventures and the ability to conclude joint venture agreements on favorable terms; possibility of accidents, equipment breakdowns and delays during exploration; exploration cost overruns or unanticipated costs and expenses; regulatory changes and restrictions including in relation to environmental liability; timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/190445

FAQ

What is the latest announcement from Altima Resources Ltd. (ARH)?

Altima Resources Ltd. (ARH) has announced the grant of 4,000,000 stock options to eligible directors, officers, and consultants at an exercise price of $0.05 per share, with immediate vesting and exercisable until December 8, 2028.

Who is eligible to purchase the stock options granted by Altima Resources Ltd. (ARH)?

Eligible directors, officers, and consultants are granted the stock options by Altima Resources Ltd. (ARH).

What is the exercise price for the stock options granted by Altima Resources Ltd. (ARH)?

The exercise price for the stock options granted by Altima Resources Ltd. (ARH) is $0.05 per share.

When are the stock options granted by Altima Resources Ltd. (ARH) exercisable?

The stock options granted by Altima Resources Ltd. (ARH) are exercisable immediately and can be exercised in whole or in part until December 8, 2028.

ALTIMA RES LTD ORD

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