Eskay Mining Announces Grant of Stock Options

Rhea-AI Summary

Eskay Mining Corp. announces the granting of 1,500,000 options to purchase common shares at $0.31 per share for five years to two directors, subject to TSX Venture Exchange approval.

TORONTO, ON / ACCESSWIRE / March 25, 2024 / Eskay Mining Corp. ("Eskay" or the "Company") (TSX-V:ESK)(OTCQX:ESKYF)(Frankfurt: KN7)(WKN:A0YDPM) wishes to announce that an aggregate of 1,500,000 options to purchase common shares of Eskay at $0.31 per share for five years have been granted to two directors of Eskay. The grant is subject to acceptance by the TSX Venture Exchange.

About Eskay Mining Corp:

Eskay Mining Corp (TSX-V:ESK) is a TSX Venture Exchange listed company, headquartered in Toronto, Ontario. Eskay is an exploration company focused on the exploration and development of precious and base metals along the Eskay rift in a highly prolific region of northwest British Columbia known as the "Golden Triangle," 70km northwest of Stewart, BC. The Company currently holds mineral tenures in this area comprised of 177 claims (52,600 hectares).

All material information on the Company may be found on its website at www.eskaymining.com and on SEDAR at www.sedar.com.

For further information, please contact:

Mac Balkam		T: 416 907 4020
President & Chief Executive Officer		E: Mac@eskaymining.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 release.

Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

SOURCE: Eskay Mining Corp.

View the original press release on accesswire.com

FAQ

How many options to purchase common shares were granted by Eskay Mining Corp.?

1,500,000 options were granted.

At what price per share were the options granted by Eskay Mining Corp.?

The options were granted at $0.31 per share.

Who were the recipients of the options granted by Eskay Mining Corp.?

Two directors of Eskay were granted the options.

What is the duration of the options granted by Eskay Mining Corp.?

The options are valid for five years.

What is the condition for the grant of options by Eskay Mining Corp.?

The grant is subject to acceptance by the TSX Venture Exchange.