Barksdale Announces Stock Option Grant

Rhea-AI Summary

Barksdale Resources Corp. (OTCQB: BRKCF) announced on October 9, 2020, the granting of stock options to directors, employees, and consultants, allowing for the purchase of up to 925,000 common shares at an exercise price of $0.50 per share until October 8, 2023. This move is in line with the company's annual compensation process and stock option plan. Barksdale is focused on base metal exploration in North America, aiming to acquire and advance prospective projects.

Positive

• Granting of stock options supports employee retention and motivation.
• Stock options are priced attractively at $0.50 per share amidst exploration growth.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / October 9, 2020 / Barksdale Resources Corp. ("Barksdale" or the "Company") (TSXV:BRO)(OTCQB:BRKCF) announces that it has granted incentive stock options to its directors, employees and consultants, exercisable to purchase up to 925,000 common shares in the capital of the Company until October 8, 2023 at an exercise price of $0.50 per share. The incentive stock options were granted in connection with the Company's ordinary course annual compensation process and in accordance with the Company's stock option plan.

Barksdale Resources Corp. is a base metal exploration company headquartered in Vancouver, BC, that is focused on the acquisition, exploration and advancement of highly prospective base metal projects in North America.

ON BEHALF OF BARKSDALE RESOURCES CORP

Rick Trotman
President, CEO and Director
Rick@barksdaleresources.com

Terri Anne Welyki
Vice President of Communications
778-238-2333
TerriAnne@barksdaleresources.com

For more information please phone 778-238-2333, email info@barksdaleresources.com or visit www.BarksdaleResources.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 news release.

SOURCE: Barksdale Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/609843/Barksdale-Announces-Stock-Option-Grant

FAQ

What are the details of the stock options granted by Barksdale Resources Corp.?

Barksdale Resources granted stock options to purchase up to 925,000 common shares at $0.50 each, expiring on October 8, 2023.

What is the significance of the stock option grant for Barksdale Resources Corp.?

The stock option grant aims to align the interests of directors, employees, and consultants with the company's performance, fostering retention.

When was the stock option grant announced for BRKCF?

The stock option grant was announced on October 9, 2020.