GPM Metals Inc. Announces Grant of Options

Rhea-AI Summary

GPM Metals announced the granting of 1,300,000 options to an officer. These options are exercisable at $0.10 per share until June 26, 2027. The options vest in stages, with 25% vesting immediately and the remaining 75% vesting in equal parts every six months over the next 18 months. This grant is subject to approval by the TSX Venture Exchange.

Positive

• Grant of 1,300,000 options to an officer at $0.10 per share, potentially indicating confidence in the company's future.
• Options vesting schedule may help retain key personnel over the next 18 months.

Negative

• Grant of options may lead to potential shareholder dilution if exercised.

Toronto, Ontario--(Newsfile Corp. - June 26, 2024) - GPM Metals Inc. (TSXV:GPM) ("GPM" or the "Company") announces that it has granted 1,300,000 options to an officer of the Company, with such options being exercisable at a price of $0.10 per share until June 26, 2027.

The options vest as to 25% immediately and 25% after 6, 12 and 18 months respectively from the date of grant.

The grant of options is subject to the approval and requirements of the TSX Venture Exchange.

For further information contact:

GPM Metals Inc.
Peter Walsh, CEO
Suite 1101- 141 Adelaide Street West,
Toronto, Ontario M5H 3L5
Telephone : (416) 628-5904
Email: info@gpmmetals.ca

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 and / or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/214447

FAQ

What options did GPM Metals grant on June 26, 2024?

GPM Metals granted 1,300,000 options to an officer, exercisable at $0.10 per share until June 26, 2027.

What is the vesting schedule for GPM Metals' options granted on June 26, 2024?

The options vest 25% immediately, and the remaining 75% vest in equal parts every six months over the next 18 months.

Are the GPM Metals options granted on June 26, 2024, subject to any approvals?

Yes, the grant of options is subject to approval by the TSX Venture Exchange.

How many options did GPM Metals grant to the officer in June 2024?

GPM Metals granted 1,300,000 options to an officer.

What is the exercise price for the GPM Metals options granted in June 2024?

The exercise price for the options is $0.10 per share.

What is the expiry date for the GPM Metals options granted in June 2024?

The options expire on June 26, 2027.