Blackwolf Announces Stock Option Grant

Rhea-AI Summary

Blackwolf Copper and Gold has granted stock options to its directors, officers, employees, and consultants, totaling 1,095,000 common shares. The options have an exercise price of $0.70 and will vest in stages over three years. This decision aligns with the company's Omnibus Share Incentive Plan designed to enhance shareholder value through mineral exploration and engineering in southeast Alaska. Blackwolf holds interests in various high-grade properties, including the Niblack project.

Positive

• Grant of 1,095,000 stock options enhances employee and consultant alignment with shareholder interests.
• Options are priced at $0.70, potentially offering upside for stakeholders.
• Supports long-term growth strategy as part of the Omnibus Share Incentive Plan.

Negative

• None.

VANCOUVER BC / ACCESSWIRE / April 5, 2022 / Blackwolf Copper and Gold ("Blackwolf", or the "Company") (TSXV:BWCG)(OTC PINK:BWCGF) announces that it has granted to directors, officers, employees and consultants of the Company stock options (the "Options") exercisable to acquire up to a total of 1,095,000 common shares in accordance with the Company's Omnibus Share Incentive Plan (the "Plan"). The Options have an exercise price of $0.70, which will vest ¼ in 3 months from the date of grant, ¼ after 12, 24 and 36 months, respectively, from the date of grant and have a 5-year term in accordance with the Plan.

ABOUT BLACKWOLF COPPER AND GOLD
Blackwolf's founding vision is to be an industry leader in transparency, inclusion and innovation. Guided by our Vision and through collaboration with local and Indigenous communities and stakeholders, Blackwolf builds shareholder value through our technical expertise in mineral exploration, engineering and permitting. The Company holds a 100% interest in the high-grade Niblack copper-gold-zinc-silver VMS project, located adjacent to tidewater in southeast Alaska as well as the Cantoo, Casey, Texas Creek gold-silver and VMS properties in southeast Alaska. For more information on Blackwolf, please visit the Company's website at www.blackwolfcopperandgold.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Robert McLeod"
Robert McLeod, P.Geo
President, CEO and Director

For more information, contact:
ROB MCLEOD
604-617-0616 (Mobile)
604-343-2997 (Office)
rm@bwcg.ca

LIAM MORRISON
604-897-9952 (Mobile)
604-343-2997 (Office)
lm@bwcg.ca

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.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements relating to the Company's future objectives and plans.Forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, market volatility; the state of the financial markets for the Company's securities; fluctuations in commodity prices and changes in the Company's business plans. In making the forward looking statements in this news release, the Company has applied several material assumptions that the Company believes are reasonable, including without limitation, that the Company will continue with its stated business objectives and its ability to raise additional capital to proceed. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. The Company seeks safe harbor.

For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.

SOURCE: Blackwolf Copper and Gold Ltd

View source version on accesswire.com:
https://www.accesswire.com/696060/Blackwolf-Announces-Stock-Option-Grant

FAQ

What is the significance of Blackwolf's stock option grant on April 5, 2022?

The stock option grant is significant as it aligns the interests of directors, officers, employees, and consultants with those of shareholders through the potential acquisition of 1,095,000 common shares at $0.70.

How do the stock options vest for Blackwolf's employees?

The stock options will vest in increments, with 25% vesting after 3 months, followed by additional 25% increments at 12, 24, and 36 months.

What properties does Blackwolf Copper and Gold hold?

Blackwolf holds interests in several properties, including the high-grade Niblack copper-gold-zinc-silver VMS project and the Cantoo, Casey, and Texas Creek properties, all located in southeast Alaska.

What is the exercise price for the stock options granted by Blackwolf?

The exercise price for the stock options granted by Blackwolf is $0.70.

How long is the term for the stock options granted by Blackwolf?

The term for the stock options granted by Blackwolf is five years.