Vertical Announces Grant of Options

Rhea-AI Summary

Vertical Exploration (TSXV:VERT) has announced the grant of 3,000,000 stock options to its directors, officers, and consultants. The options are exercisable at $0.08 per share and will be valid for a one-year period from the grant date. This stock option grant has been implemented in accordance with the company's existing stock option plan.

Positive

• None.

Negative

• Potential dilution of shareholder value through 3,000,000 new stock options

News Market Reaction

+0.82%

1 alert

+0.82% News Effect

On the day this news was published, CVVRF gained 0.82%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

VANCOUVER, BC / ACCESSWIRE / December 11, 2024 / VERTICAL EXPLORATION INC. (TSXV:VERT) ("Vertical" or "the Company") announces it has granted a total of up to 3,000,000 stock options to directors, officers and consultants of the company, exercisable at a price of $0.08 per share for a period of one year from the date of grant.

The options have been granted in accordance with the company's stock option plan.

ABOUT VERTICAL EXPLORATION

Vertical Exploration's mission is to identify, acquire, and advance high potential mining prospects located in North America for the benefit of its stakeholders. The Company's flagship St-Onge Wollastonite property is located in the Lac-Saint-Jean area in the Province of Quebec.

ON BEHALF OF THE BOARD

Peter P. Swistak, President

FOR FURTHER INFORMATION PLEASE CONTACT: Telephone: 1-604-683-3995 Toll Free: 1-888-945-4770

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.

SOURCE: Vertical Exploration Inc.

View the original press release on accesswire.com

FAQ

How many stock options did Vertical Exploration (TSXV:VERT) grant in December 2023?

Vertical Exploration granted 3,000,000 stock options to directors, officers, and consultants.

What is the exercise price for Vertical Exploration's December 2023 stock options?

The stock options were granted at an exercise price of $0.08 per share.

What is the expiration period for Vertical Exploration's newly granted stock options?

The stock options have a one-year expiration period from the date of grant.

Who received the stock options in Vertical Exploration's December 2023 grant?

The stock options were granted to directors, officers, and consultants of the company.