Golden Lake Exploration Option Grant

Rhea-AI Summary

Golden Lake Exploration Inc. (CSE:GLM, OTCQB:GOLXF) announced the granting of 1.6 million stock options to directors, officers, and consultants at an exercise price of $0.15 for a period of two years. This move aligns with the Company's stock option plan and underscores its commitment to enhancing shareholder value. Golden Lake focuses on the exploration and development of precious and base metal properties, particularly advancing its exploration program on the Jewel Ridge property.

Positive

• Issuance of 1.6 million options could align interests of management with shareholders.
• Exercise price of $0.15 could provide incentive for price appreciation.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / February 10, 2022 / Golden Lake Exploration Inc. (CSE:GLM) ("GLM" or the "Company") (OTCQB:GOLXF) announces it has set 1.6 million options to directors, officers and consultants of the Company at an exercise price of $0.15 for a period of 2 years in accordance with the Company's stock option plan.

About Golden Lake Exploration Inc.

Golden Lake Exploration Inc. is a junior public mining exploration company engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to acquire, explore and develop economic precious and base metal properties of merit and to aggressively advance its exploration program on the Jewel Ridge property.

ON BEHALF OF THE BOARD

"Mike England"

Mike England, CEO&DIRECTOR

FOR FURTHER INFORMATION PLEASE CONTACT:

Telephone: 1-604-683-3995
TollFree:1-888-945-4770

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

SOURCE: Golden Lake Exploration Inc.

View source version on accesswire.com:
https://www.accesswire.com/688364/Golden-Lake-Exploration-Option-Grant

FAQ

What is the recent stock option announcement by Golden Lake Exploration (GOLXF)?

Golden Lake Exploration announced the grant of 1.6 million stock options to directors, officers, and consultants at an exercise price of $0.15 for two years.

What is the significance of the stock options granted by Golden Lake Exploration (GOLXF)?

The granted stock options align management's interests with shareholders and provide incentives for performance and share price appreciation.

When was the stock option grant announced for Golden Lake Exploration (GOLXF)?

The stock option grant was announced on February 10, 2022.

What is the main focus of Golden Lake Exploration (GOLXF)?

Golden Lake Exploration focuses on mineral exploration and the development of precious and base metal properties, particularly the Jewel Ridge property.