Hannan Announces Grant of Stock Options

Rhea-AI Summary

Hannan Metals Limited (TSXV: HAN, OTC PINK: HANNF) has announced the granting of 2,990,000 stock options to its directors and officers. These options are exercisable at C$0.28 per common share for a period of 3 years. Hannan Metals is focused on developing sustainable natural resources and is recognized as one of the top ten explorers by area in Peru. The company's efforts target vital metals necessary for the transition to a low-carbon economy.

Positive

• Granting of 2,990,000 stock options may align executive interests with shareholder value.
• Stock options exercisable at C$0.28 per share may incentivize performance.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / December 28, 2022 / Hannan Metals Limited ("Hannan" or the "Company") (TSXV:HAN)(OTC PINK:HANNF) announces the granting of stock options to directors and officers of the Company to acquire an aggregate of 2,990,000 common shares of the Company, exercisable at C$0.28 per common share, for a period of 3 years.

About Hannan Metals Limited (TSXV: HAN) (OTC PINK: HANNF)

Hannan Metals Limited is a natural resources and exploration company developing sustainable resources of metal needed to meet the transition to a low carbon economy. Over the last decade, the team behind Hannan has forged a long and successful record of discovering, financing, and advancing mineral projects in Europe and Peru. Hannan is a top ten in-country explorer by area in Peru.

On behalf of the Board, "Michael Hudson" Michael Hudson, Chairman & CEO

Further Information www.hannanmetals.com 1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7 Mariana Bermudez, Corporate Secretary, +1 (604) 685 9316, info@hannanmetals.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 news.

SOURCE: Hannan Metals Ltd.

View source version on accesswire.com:
https://www.accesswire.com/733384/Hannan-Announces-Grant-of-Stock-Options

FAQ

What are the details of Hannan Metals' recent stock option grant?

Hannan Metals has granted 2,990,000 stock options to directors and officers, with an exercise price of C$0.28 per share for 3 years.

How does the stock option grant affect Hannan Metals (HANNF)?

The stock option grant may align executive interests with the company's performance, potentially impacting shareholder value.

When can the stock options granted by Hannan Metals be exercised?

The stock options can be exercised over a period of 3 years.

What is Hannan Metals' focus in their exploration efforts?

Hannan Metals focuses on developing sustainable metal resources for the transition to a low-carbon economy.