Eskay Mining Announces Grant of Stock Options

Rhea-AI Summary

Eskay Mining Corp. has announced the granting of 3,700,000 options to purchase common shares at $3.00 each for five years, pending TSX Venture Exchange approval. This move is aimed at incentivizing officers, directors, and consultants. Eskay, based in Toronto, focuses on exploring precious and base metals in the Golden Triangle of British Columbia, holding 177 mineral claims over 130,000 acres. The company highlights its ongoing commitment to exploration and development in this prolific region, though it notes inherent risks in its forward-looking statements.

Positive

• Granting of 3,700,000 options could motivate key personnel and align their interests with shareholder value.
• Strong focus on the Golden Triangle region, known for its rich mineral deposits, may enhance growth potential.

Negative

• The issuance of options could lead to shareholder dilution if not managed effectively.

TORONTO, ON / ACCESSWIRE / February 5, 2021 / Eskay Mining Corp. ("Eskay" or the "Company") (TSXV:ESK)(OTCQB:ESKYF)(FSE:KN7)(WKN:A0YDPM) wishes to announce that an aggregate of 3,700,000 options to purchase common shares of Eskay at $3.00 per share for five years have been granted to officers, directors and consultants of Eskay. The grant is subject to acceptance by the TSX Venture Exchange.

About Eskay Mining Corp:
Eskay Mining Corp (TSXV:ESK)(OTCQB:ESKYF)(FSE:KN7)(WKN:A0YDPM) 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," approximately 70km northwest of Stewart, BC. The Company currently holds mineral tenures in this area comprised of 177 claims (130,000 acres).

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
President & Chief Executive Officer
T: (416) 907-4020
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 source version on accesswire.com:
https://www.accesswire.com/628175/Eskay-Mining-Announces-Grant-of-Stock-Options

FAQ

What are the details of the stock options granted by Eskay Mining Corp. (ESKYF)?

Eskay Mining Corp. announced the grant of 3,700,000 options to purchase common shares at $3.00 each for five years, subject to TSX Venture Exchange approval.

How many mineral claims does Eskay Mining Corp. hold in the Golden Triangle?

Eskay Mining Corp. holds 177 mineral claims covering approximately 130,000 acres in the Golden Triangle region of British Columbia.

What is the significance of the stock options for Eskay Mining Corp. (ESKYF) shareholders?

The stock options aim to incentivize officers, directors, and consultants, potentially aligning their interests with shareholder value, although they may lead to shareholder dilution.

When was the press release about the stock options issued?

The press release regarding the stock options was issued on February 5, 2021.