Astra Exploration Announces Results of Annual General Meeting and Issues Stock Options
Astra Exploration (TSXV: ASTR) (OTCQB: ATEPF) held its Annual General Meeting on December 12, 2024, with 40.02% of shareholders participating, representing 33,656,970 of the total 84,091,108 issued shares. All presented matters were approved by shareholders.
The company also announced the issuance of 5,785,000 stock options to directors, officers, and consultants at a strike price of $0.13 per share. These options will expire on December 23, 2029, with a vesting schedule of one-third immediately, one-third after 18 months, and the final third after 36 months.
Astra Exploration (TSXV: ASTR) (OTCQB: ATEPF) ha tenuto la sua Assemblea Generale Annuale il 12 dicembre 2024, con una partecipazione del 40,02% degli azionisti, che rappresenta 33.656.970 delle 84.091.108 azioni emesse. Tutti i temi presentati sono stati approvati dagli azionisti.
L'azienda ha anche annunciato l'emissione di 5.785.000 opzioni su azioni a direttori, funzionari e consulenti a un prezzo di esercizio di $0,13 per azione. Queste opzioni scadranno il 23 dicembre 2029, con un programma di maturazione di un terzo immediatamente, un terzo dopo 18 mesi e il terzo finale dopo 36 mesi.
Astra Exploration (TSXV: ASTR) (OTCQB: ATEPF) celebró su Junta General Anual el 12 de diciembre de 2024, con una participación del 40,02% de los accionistas, lo que representa 33.656.970 de las 84.091.108 acciones emitidas. Todos los asuntos presentados fueron aprobados por los accionistas.
La compañía también anunció la emisión de 5.785.000 opciones sobre acciones a directores, funcionarios y consultores a un precio de ejercicio de $0,13 por acción. Estas opciones caducarán el 23 de diciembre de 2029, con un calendario de adquisición de un tercio de inmediato, un tercio después de 18 meses y el último tercio después de 36 meses.
Astra Exploration (TSXV: ASTR) (OTCQB: ATEPF)는 2024년 12월 12일 연례 총회를 개최하였으며, 주주 참여율은 40.02%로 33,656,970주가 발행된 총 84,091,108주 중에서 참석하였습니다. 모든 안건은 주주들에 의해 승인되었습니다.
회사는 또한 이사, 임원 및 컨설턴트에게 5,785,000주의 주식 매수 선택권을 발행한다고 발표하였으며, 행사가격은 $0.13입니다. 이 선택권은 2029년 12월 23일에 만료되며, 사용 조건은 첫 번째 1/3은 즉시, 두 번째 1/3은 18개월 후, 마지막 1/3은 36개월 후에 이루어집니다.
Astra Exploration (TSXV: ASTR) (OTCQB: ATEPF) a tenu son Assemblée Générale Annuelle le 12 décembre 2024, avec une participation de 40,02% des actionnaires, représentant 33.656.970 des 84.091.108 actions émises. Tous les points présentés ont été approuvés par les actionnaires.
L'entreprise a également annoncé l'émission de 5.785.000 options sur actions aux administrateurs, aux dirigeants et aux consultants à un prix d'exercice de $0,13 par action. Ces options expireront le 23 décembre 2029, avec un calendrier d'acquisition d'un tiers immédiatement, d'un tiers après 18 mois, et le dernier tiers après 36 mois.
Astra Exploration (TSXV: ASTR) (OTCQB: ATEPF) hielt am 12. Dezember 2024 die Hauptversammlung ab, an der 40,02% der Aktionäre teilnahmen, was 33.656.970 der insgesamt 84.091.108 ausgegebenen Aktien entspricht. Alle vorgelegten Punkte wurden von den Aktionären genehmigt.
Das Unternehmen kündigte zudem die Ausgabe von 5.785.000 Aktienoptionen an Direktoren, Führungskräfte und Berater zu einem Ausübungspreis von $0,13 pro Aktie an. Diese Optionen laufen am 23. Dezember 2029 aus, mit einem Vesting-Zeitplan von einem Drittel sofort, einem Drittel nach 18 Monaten und dem letzten Drittel nach 36 Monaten.
- 100% approval of all matters presented at AGM
- 40.02% shareholder participation in AGM showing reasonable engagement
- 5,785,000 new stock options potentially leading to future dilution
Vancouver, British Columbia--(Newsfile Corp. - December 23, 2024) - Astra Exploration Inc. (TSXV: ASTR) (OTCQB: ATEPF) ("Astra Exploration" or the "Company") is pleased to report voting results for the Company's Annual General Meeting held on December 12, 2024, as follows:
Total votes numbered 33,656,970 representing
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8951/234893_capture.jpg
Details of the resolutions and Information Circular can be found on Sedar+ at https://www.sedarplus.ca/landingpage/
Additionally, the Company announces that pursuant to its stock option incentive plan, it has issued 5,785,000 options to purchase common shares of the Company to directors, officers, and consultants of the Company. The options have a strike price of
About the Company
Astra Exploration Inc. is a precious metals exploration company based out of Vancouver, BC that is actively building a portfolio of high-quality projects in some of the most important mining jurisdictions in Latin America. The Manchuria LSE gold-silver project over which Astra has an option to acquire
For further information please contact:
Brian Miller
Chief Executive Officer
Tel. 604.428.0939
Email: brian.miller@astra-exploration.com
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 release.
This news release includes certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things, the intended use of proceeds of the Offering, and exploration and development of the Company's projects.
Forward-looking statements and forward-looking information relating to any future mineral production, liquidity, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the receipt of necessary approvals, price of metals; no escalation in the severity of public health crises or ongoing military conflicts; costs of exploration and development; the estimated costs of development of exploration projects; and the Company's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.
These statements reflect the Company's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company's mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; risks regarding exploration and mining activities; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption "Risk Factors" in the Company's public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234893
FAQ
What was the strike price for ATEPF's December 2024 stock options grant?
How many stock options did Astra Exploration (ATEPF) issue in December 2024?
What is the vesting schedule for ATEPF's December 2024 stock options?
What was the shareholder participation rate at ATEPF's December 2024 AGM?
