Endurance Announces Grant of Stock Options

Rhea-AI Summary

Endurance Gold (TSXV: EDG) has announced the grant of 3,900,000 incentive stock options to directors, officers, and consultants. The options are exercisable at $0.20 per share for a five-year period, subject to TSX Venture Exchange policies. With this grant, the company now has a total of 10,350,000 options outstanding, representing approximately 5.99% of its issued and outstanding common shares. This move aligns with Endurance Gold's rolling stock option plan, potentially incentivizing key personnel and consultants.

Positive

• Granting of stock options may help align interests of directors, officers, and consultants with shareholders
• The total options outstanding represent only 5.99% of issued shares, indicating moderate dilution

Negative

• Potential dilution of existing shareholders' equity if all options are exercised
• Exercise price of $0.20 per share may be below or above current market price, affecting the options' value

Vancouver, British Columbia--(Newsfile Corp. - August 19, 2024) - Endurance Gold Corporation (TSXV: EDG) (the "Company") announces that it has granted an aggregate of 3,900,000 incentive stock options of the Company to directors, officers 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 10,350,000 options outstanding, representing about 5.99% of the issued and outstanding common shares of the Company. The options are exercisable at $0.20 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, President & CEO

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/220508

FAQ

How many stock options did Endurance Gold (TSXV: EDG) grant in August 2024?

Endurance Gold (TSXV: EDG) granted 3,900,000 incentive stock options in August 2024.

What is the exercise price and duration of the stock options granted by Endurance Gold (TSXV: EDG)?

The stock options granted by Endurance Gold are exercisable at $0.20 per share for a period of five years from the date of grant.

What percentage of Endurance Gold's (TSXV: EDG) outstanding shares do the total options represent?

After the recent grant, Endurance Gold's total outstanding options represent approximately 5.99% of the company's issued and outstanding common shares.

Who received the stock options granted by Endurance Gold (TSXV: EDG) in August 2024?

The stock options were granted to directors, officers, and consultants of Endurance Gold