Gungnir Announces Grant of Stock Options

Rhea-AI Summary

Gungnir Resources has announced the granting of incentive stock options for 2,800,000 common shares at a price of $0.08 each, valid for five years. This move is aimed at employees, directors, and officers, aligning with the Company's Stock Option Plan. Gungnir focuses on mineral exploration in Sweden, holding projects that include nickel-copper-cobalt deposits and a developing gold system. Recent additions include the Hemberget property, expanding their portfolio to cover a greenfield copper-nickel target. The Company remains committed to exploration and resource expansion, vital for enhancing shareholder value.

Positive

• Granting of 2,800,000 stock options could incentivize and retain key personnel.
• Initiative aligns with the stock option plan, potentially improving employee morale and productivity.
• Recent property acquisition (Hemberget) expands exploration opportunities.

Negative

• None.

SURREY, BC / ACCESSWIRE / February 14, 2023 / Gungnir Resources Inc. (TSXV:GUG)(OTCPK:ASWRF) ("Gungnir" or the "Company") announces that it has granted incentive stock options to employees, directors and officers of Gungnir to acquire an aggregate of 2,800,000 common shares at $0.08 per share, for a period of 5 years. These incentive stock options have been granted in accordance with Gungnir's Stock Option Plan.

About Gungnir Resources

Gungnir Resources Inc. is a Canadian-based TSX-V listed mineral exploration company (TSXV:GUG)(OTCPK:ASWRF) with gold and base metal projects in northern Sweden. Gungnir's assets include two nickel-copper-cobalt deposits, Lappvattnet and Rormyrberget, both with updated nickel resources, and the Knaften project which hosts a developing intrusion-hosted gold system, and VMS (zinc-copper) and copper-nickel targets, all of which are open for expansion and further discovery. The Company has also recently added the Hemberget property to its Swedish Property Portfolio which covers an 11 km long gabbro-ultramafic intrusion, a greenfield copper-nickel target. Further information about the Company and its properties may be found at www.gungnirresources.com or at www.sedar.com.

On behalf of the Board,

Jari Paakki, CEO and Director

For further information contact:

Head Office/Corporate Communications
Phone: +1-604-683-0484
Email: corporatecommunications@gungnirresources.com

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.

Certain statements in this news release may constitute "forward-looking information" within the meaning of applicable securities laws (also known as forward-looking statements). Forward-looking information involves known and unknown risks, uncertainties and other factors, and may cause actual results, performance or achievements or industry results, to be materially different from any future results, performance or achievements or industry results expressed or implied by such forward-looking information.

SOURCE: Gungnir Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/739379/Gungnir-Announces-Grant-of-Stock-Options

FAQ

What is the recent stock option grant by Gungnir Resources (ASWRF)?

Gungnir Resources has granted stock options for 2,800,000 common shares at $0.08 each for a period of five years.

How does the stock option grant impact Gungnir Resources' employees?

The stock options are aimed at incentivizing employees, directors, and officers, aligning their interests with shareholders.

What is the significance of the recent acquisition by Gungnir Resources (ASWRF)?

The acquisition of the Hemberget property expands Gungnir's exploration potential for copper-nickel targets.

What does the stock option price of $0.08 indicate for Gungnir Resources' (ASWRF) market strategy?

The $0.08 option price reflects Gungnir's commitment to aligning employee incentives with long-term shareholder value.