Endurance Announces Grant of Stock Options

Rhea-AI Summary

Endurance Gold Corporation has granted 2,900,000 incentive stock options to its directors, officers, and consultants, in line with its stock option plan. After this grant, there are 9,400,000 options outstanding, accounting for approximately 7.6% of the total common shares. The new options can be exercised at a price of $0.34 per share for five years. This decision aims to incentivize and compensate key personnel, aligning their interests with those of shareholders, and ensuring the company's growth.

Positive

• Granting of 2,900,000 stock options to align interests of directors and consultants with shareholders.
• Total stock options now at 9,400,000, representing 7.6% of common shares, enhancing employee retention and motivation.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / April 26, 2021 / Endurance Gold Corporation (TSXV:EDG) (the "Company") announces that it has granted an aggregate of 2,900,000 incentive stock options of the Company to directors, officer and consultants of the Company in accordance with the Company's rolling stock option plan. Following this option grant, the Company has a total of 9,400,000 options outstanding, representing about 7.6% of the issued and outstanding common shares of the Company. The options are exercisable at $0.34 per share for a period of five years from the date of grant and are subject to the policies of the TSX Venture Exchange.

ENDURANCE GOLD CORPORATION

Robert T. Boyd

FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corporation www.endurancegold.com
Toll Free: (877) 624 2237, info@endurancegold.com

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 news release.

SOURCE: Endurance Gold Corporation

View source version on accesswire.com:
https://www.accesswire.com/642334/Endurance-Announces-Grant-of-Stock-Options

FAQ

What was announced by Endurance Gold Corporation on April 26, 2021?

Endurance Gold Corporation announced the granting of 2,900,000 stock options to directors, officers, and consultants.

How many total stock options are currently outstanding for Endurance Gold Corporation?

After the recent grant, there are a total of 9,400,000 stock options outstanding.

What is the exercise price for the newly granted stock options of Endurance Gold Corporation?

The newly granted stock options can be exercised at $0.34 per share.

What percentage of common shares do the outstanding stock options represent for Endurance Gold Corporation?

The outstanding stock options represent approximately 7.6% of the issued and outstanding common shares.

What is the duration for which the new stock options are exercisable?

The new stock options are exercisable for a period of five years from the date of grant.