Golden Lake Exploration Option Grant
Golden Lake Exploration has granted 2,850,000 stock options to its directors, officers, and consultants. These options are exercisable at $0.06 each for a term of three years, following the company's stock option plan guidelines. The announcement aligns with the company's strategy to incentivize its leadership and key personnel.
- Granted stock options may incentivize directors, officers, and consultants, aligning their interests with shareholders.
- Exercise price of $0.06 could be seen as attractive if the stock price increases.
- Issuance of 2,850,000 new options may lead to potential shareholder dilution.
- Stock option grants could imply existing compensation structures are inadequate.
VANCOUVER, BC / ACCESSWIRE / May 14, 2024 / Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) ("GLM" or "Golden Lake") announces it has set 2,850,000 options to directors, officers and consultants of the Company at an exercise price of
About Golden Lake Exploration Inc:
Golden Lake Exploration 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. The Jewel Ridge property is located on the south end of Nevada's prolific Battle Mountain-Eureka trend, along strike and contiguous to Barrick Gold's Archimedes/Ruby Hill gold mine to the north and Timberline Resources' advanced-stage Lookout Mountain project to the south. The Company also owns a large early-stage property in south-central British Columbia, contiguous to Kodiak Copper Corp., and Gold Mountain Mining Inc., that is highly prospective for copper-gold porphyry and mesothermal gold-bearing quartz-vein mineralization.
ON BEHALF OF THE BOARD
"Mike England"
Mike England, CEO & DIRECTOR
FOR FURTHER INFORMATION PLEASE
CONTACT: Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770
Neither the Canadian Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).
SOURCE: Golden Lake Exploration Inc.
View the original press release on accesswire.com
FAQ
What is the exercise price of Golden Lake Exploration's latest stock options?
How many stock options did Golden Lake Exploration grant recently?
When were the new stock options by Golden Lake Exploration announced?
What is the stock symbol for Golden Lake Exploration on the OTCQB?
What is the duration for the newly granted stock options by Golden Lake Exploration?
