GoviEx Annual Stock Option Grants

Rhea-AI Summary

GoviEx Uranium Inc. grants annual incentive stock options to certain directors, officers, employees, and a consultant. The options allow the purchase of up to 13,380,000 Class A common shares at a price of $0.115 per share. The options vest over time and expire on August 15, 2028.

Vancouver, British Columbia--(Newsfile Corp. - August 16, 2023) - GoviEx Uranium Inc. (TSXV: GXU) (OTCQX: GVXXF) ("GoviEx"), announces that, pursuant to its Share Purchase Option Plan, it has granted annual incentive stock options to certain directors, officers, employees, and a consultant to purchase up to an aggregate of 13,380,000 Class A common shares in the capital stock of GoviEx.

The stock options are exercisable at a price of $0.115 per share and will vest 25% on the date of grant and thereafter, 25% on each anniversary of the date of grant until fully vested. The options expire on August 15, 2028.

Neither 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.

About GoviEx Uranium Inc.

GoviEx is a mineral resource company focused on the exploration and development of uranium properties in Africa. GoviEx's principal objective is to become a significant uranium producer through the continued exploration and development of its flagship mine-permitted Madaouela project in Niger, its mine-permitted Mutanga project in Zambia, and its multi-element Falea project in Mali.

Contact Information
Isabel Vilela
Head of Investor Relations and Corporate Communications
Tel: +1-604-681-5529
Email: info@goviex.com
Web: www.goviex.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/177470

FAQ

What is the company that issued the press release?

The company that issued the press release is GoviEx Uranium Inc.

What type of options were granted?

Annual incentive stock options were granted.

Who can exercise the options?

The options can be exercised by certain directors, officers, employees, and a consultant.

How many shares can be purchased with the options?

Up to 13,380,000 Class A common shares can be purchased.

What is the exercise price of the options?

The exercise price of the options is $0.115 per share.

How do the options vest?

The options vest 25% on the date of grant and 25% on each anniversary of the date of grant until fully vested.

When do the options expire?

The options expire on August 15, 2028.