North Peak Announces Grant of Stock Options

Rhea-AI Summary

North Peak Resources (TSXV: NPR) has announced a stock option grant to its Chief Executive Officer. The grant consists of 300,000 common shares at an exercise price of $0.61 per share. The vesting schedule is structured with 50% of the options vesting immediately, while the remaining 50% will vest on the first anniversary of the grant date.

Calgary, Alberta--(Newsfile Corp. - March 10, 2025) - North Peak Resources Ltd. (TSXV: NPR) (the "Company" or "North Peak") announces the grant to the Chief Executive Officer of the Company of incentive stock options to acquire a total of 300,000 common shares of the Company at an exercise price of $0.61 per share, with such options to vest as to one-half immediately and the remaining one-half on the first-year anniversary of the date of grant.

About North Peak

The Company is a Canadian based gold exploration and development company that is listed on the TSX Venture Exchange under the symbol "NPR". The Company is focused on acquiring historic sites, with low cost producing gold and other metals properties, with near term production potential and 8+ year mine life in the northern hemisphere.

The Company has acquired an initial 80% interest in the Prospect Mountain Mine complex in Eureka, Nevada (see the Company's May 4, May 23 and August 25, 2023 press releases) (the "Property").

The Company can give no assurances at this time that its properties and interests will fulfil the Company's business development goals described herein. Trading in the securities of the Company should be considered highly speculative.

For further information, please contact:

Rupert Williams, CEO
Phone: +1-647-424-2305
Email: info@northpeakresources.com
Website: www.northpeakresources.com

Chelsea Hayes, Director
Phone: +1-647-424-2305
Email: info@northpeakresources.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS: This press release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to statements regarding the plans, intentions, beliefs, and current expectations of the Property and the Company that may be described herein. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur.

By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, accuracy of assay results, geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services, future operating costs, and the historical basis for current estimates of potential quantities and grades of target zones, as well as those risk factors discussed or referred to in the Company's Management's Discussion and Analysis for the year ended December 31, 2023 and the quarter ended September 30, 2024, available at www.sedarplus.ca, many of which are beyond the control of the Company. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/244020

FAQ

How many stock options did North Peak Resources (TSXV: NPR) grant to its CEO in March 2025?

North Peak Resources granted 300,000 stock options to its CEO at $0.61 per share.

What is the exercise price for North Peak Resources' (TSXV: NPR) March 2025 stock options grant?

The exercise price for the stock options is $0.61 per share.

What is the vesting schedule for North Peak Resources' (TSXV: NPR) March 2025 CEO stock options?

50% of the options vest immediately, and the remaining 50% vest on the first anniversary of the grant date.

When will the remaining stock options vest for North Peak Resources' (TSXV: NPR) CEO grant?

The remaining 50% of the stock options will vest on March 10, 2026, one year after the grant date.