Core Nickel Grants Stock Options
Core Nickel Corp. (CSE: CNCO) has announced the granting of incentive stock options to certain directors, officers, and consultants. These options allow the purchase of up to 1,620,000 common shares at a price of $0.055 per share. The options are exercisable over a period of three years and come with a hold period expiring on September 25, 2024, as per CSE policies and applicable securities laws.
- Granting of 1,620,000 stock options demonstrates confidence in company leadership.
- Stock options offered at $0.055 per share may appeal to investors due to the potential for future price appreciation.
- Three-year exercisable period provides long-term incentive for directors, officers, and consultants to contribute to company growth.
- Issuance of 1,620,000 options could lead to dilution of existing shares.
- Stock option price of $0.055 per share could indicate current low valuation of the company's stock.
- Hold period expiring on September 25, 2024, could delay liquidity for option holders.
Saskatoon, Saskatchewan--(Newsfile Corp. - May 24, 2024) - Core Nickel Corp. (CSE: CNCO) ("Core Nickel" or the "Company") announces that it has granted incentive stock options to certain directors, officers, and consultants to purchase up to an aggregate of 1,620,000 common shares in Core Nickel pursuant of the Company's share option plan. The options are exercisable for a period of 3 years at a price of
About Core Nickel
Core Nickel Corp. is a junior nickel exploration company that controls
Map: Core Nickel's Thompson Nickel Belt Properties
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Core Nickel has a large contiguous land package in the northern part of the TNB, situated approximately 16-20 km from the City of Thompson. Core Nickel's northern TNB projects consist of three properties: Mel, Hunter, and Odei River. The Mel property encompasses the Mel deposit, which is characterized by a historical NI-43-101 resource estimate with an indicated resource of 4.3 million tonnes at
1 "Technical Report on the Mel Deposit, Northern Manitoba" prepared for Victory Nickel Inc, Shane Naccashian (P. Geo) of Wardrop Engineering Inc., March 9, 2007
The Company also holds two properties in the southern TNB near Wabowden: Halfway Lake and Resting Lake. Both properties host the target Pipe Formation associated with known elevated nickel mineralization and are proximal to existing nickel deposits, mills, and other infrastructure.
The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is Caitlin Glew, P. Geo., Vice-President Exploration for Core Nickel Corp., who has reviewed and approved its contents.
Technical Disclosure
The historical results contained within this news release have been captured from Manitoba Integrated Mining and Quarrying System ("iMaQs") as available and may be incomplete or subject to minor location inaccuracies. Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by a Qualified Person but form a basis for ongoing work on the subject properties.
On behalf of the Board of Directors
"Misty Urbatsch"
Misty Urbatsch
CEO, President and Director
Core Nickel Corp.
Contacts:
Misty Urbatsch, CEO and President
Tel: 306-668-6927
Email: murbatsch@corenickel.com
General Enquiry
Tel: 306-668-6927
Email: info@corenickel.com
Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.
Forward-looking information
All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/210349
FAQ
What stock options did Core Nickel grant?
At what price are the Core Nickel stock options exercisable?
What is the duration of the Core Nickel stock options?
When does the hold period for Core Nickel stock options expire?
