Imperial Mining Announces Grant of Options

Rhea-AI Summary

Imperial Mining Group Ltd. announced the grant of 2,200,000 incentive stock options to directors, officers, and consultants, as per its stock option plan. These options can be exercised at $0.12 per share for five years with no vesting period. A total of 1,250,000 options were allocated to directors and officers. The company is focused on technology metals projects in Québec and is listed on the TSX Venture Exchange as IPG and on the OTCQB Exchange as IMPNF.

Positive

• Grant of 2,200,000 stock options, indicating confidence in management and incentivizing performance.
• Options exercisable at a low price of $0.12, potentially increasing future shareholder value.

Negative

• None.

MONTRÉAL, Aug. 10, 2022 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. (“Imperialˮ or the “Corporation”) (TSX VENTURE: IPG) announces that it has granted an aggregate of 2,200,000 incentive stock options to certain directors, officers, and consultants of the Corporation in accordance with the Corporation’s stock option plan. The options are exercisable at a price of $0.12 per share for a period of five years from the date of grant without vesting period. Of the aggregate options granted by the Corporation today, directors and officers were granted a total of 1,250,000 options.

ABOUT IMPERIAL MINING GROUP LTD.

Imperial is a Canadian mineral exploration and development company focused on the advancement of its technology metals projects in Québec. Imperial is publicly listed on the TSX Venture Exchange as “IPG” and on the OTCQB Exchange as “IMPNF” and is led by an experienced team of mineral exploration and development professionals with a strong track record of mineral deposit discovery in numerous metal commodities.

For further information please contact:

Peter J. Cashin
President and Chief Executive Officer
Phone: +1 (514) 360-0571
Email: info@imperialmgp.com

Website: www.imperialmgp.com

Twitter: @imperial_mining

Facebook: Imperial Mining Group

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.

FAQ

What is the stock option grant by IMPNF?

Imperial Mining Group Ltd. granted 2,200,000 stock options at $0.12 per share with a five-year term.

How many stock options were granted to directors and officers of IMPNF?

A total of 1,250,000 stock options were allocated to directors and officers.

What is the significance of the stock options for IMPNF shareholders?

The stock options aim to align management incentives with shareholder interests, potentially enhancing company performance.