Barsele Minerals Grants Options

Rhea-AI Summary

Barsele Minerals Corp. (Barsele) (TSXV: BME) (OTC: BRSLF) grants 2,700,000 incentive stock options to directors, officers, and consultants at an exercise price of $0.17 per share, expiring in five years and vesting immediately. This brings the total stock options outstanding to 7,237,500, representing 5.2% of the issued and outstanding share capital of the Company.

VANCOUVER, BC, Dec. 22, 2023 /PRNewswire/ - Barsele Minerals Corp. (the "Company" or "Barsele") (TSXV: BME) (OTC: BRSLF) announces that it has granted an aggregate of 2,700,000 incentive stock options to directors, officers, and consultants to purchase up to 2,700,000 common shares in the capital of Barsele. The incentive stock options have an exercise price of $0.17 per share, expire five years from the date of grant, and vest immediately. As a result of this option grant, Barsele has 7,237,500 stock options outstanding, representing 5.2% of the issued and outstanding share capital of the Company. 

ABOUT THE COMPANY

Barsele is a Canadian-based junior exploration company managed by the Belcarra Group, comprised of highly qualified mining professionals. Barsele's main property is the Barsele Gold Project in Västerbottens Län, Sweden, a joint venture with Agnico Eagle. An amended NI 43‐101 Technical Report on the Barsele Project with an effective date of February 21, 2019, was filed on SEDAR+ on December 16, 2020.

ON BEHALF OF THE BOARD OF DIRECTORS,

Gary Cope
President

Neither 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.

STAY CONNECTED

Follow on X (Twitter): Barsele Minerals (@BarseleMinerals) / X (twitter.com)
Follow on LinkedIn: Barsele Minerals Corp | LinkedIn
Follow on Facebook: Barsele Minerals Corp. | Facebook

View original content:https://www.prnewswire.com/news-releases/barsele-minerals-grants-options-302022043.html

SOURCE Barsele Minerals Corp.

FAQ

How many incentive stock options has Barsele Minerals Corp. granted?

Barsele Minerals Corp. has granted an aggregate of 2,700,000 incentive stock options.

What is the exercise price of the incentive stock options?

The exercise price of the incentive stock options is $0.17 per share.

When do the incentive stock options expire?

The incentive stock options expire five years from the date of grant.

How many stock options outstanding does Barsele have after this grant?

After this option grant, Barsele has 7,237,500 stock options outstanding, representing 5.2% of the issued and outstanding share capital of the Company.