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Magna Mining Announces Grant of Stock Options

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Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) has announced the granting of stock options. On October 17th, 2024, the company granted 250,000 stock options to certain officers and employees. These options are exercisable at $1.17 per common share for a five-year period, expiring on October 17th, 2029. The options vest one-third immediately and one-third annually thereafter.

Additionally, on September 19th, 2024, Magna Mining granted 1,031,900 options to certain directors and employees. These options are exercisable at $1.15 per common share for a five-year period. Both grants were made pursuant to the Company's Stock Option Plan.

Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) ha annunciato il conferimento di opzioni su azioni. Il 17 ottobre 2024, l'azienda ha conferito 250.000 opzioni su azioni a determinati dirigenti e dipendenti. Queste opzioni possono essere esercitate a $1,17 per azione ordinaria per un periodo di cinque anni, scadendo il 17 ottobre 2029. Le opzioni maturano un terzo immediatamente e un terzo annualmente successivamente.

In aggiunta, il 19 settembre 2024, Magna Mining ha conferito 1.031.900 opzioni a determinati direttori e dipendenti. Anche queste opzioni possono essere esercitate a $1,15 per azione ordinaria per un periodo di cinque anni. Entrati conferimenti sono stati effettuati ai sensi del Piano delle Opzioni su Azioni dell'Azienda.

Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) ha anunciado la concesión de opciones sobre acciones. El 17 de octubre de 2024, la empresa otorgó 250.000 opciones sobre acciones a ciertos funcionarios y empleados. Estas opciones son ejercitables a $1.17 por acción ordinaria durante un período de cinco años, que expira el 17 de octubre de 2029. Las opciones se consolidan un tercio inmediatamente y un tercio anualmente después.

Además, el 19 de septiembre de 2024, Magna Mining otorgó 1.031.900 opciones a ciertos directores y empleados. Estas opciones son ejercitables a $1.15 por acción ordinaria por un periodo de cinco años. Ambas concesiones se realizaron de acuerdo con el Plan de Opciones sobre Acciones de la empresa.

Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF)가 주식 옵션 부여를 발표했습니다. 2024년 10월 17일, 회사는 특정 임원 및 직원에게 250,000개의 주식 옵션을 부여했습니다. 이 옵션은 주당 $1.17로 행사 가능하며, 5년 동안 유효하며, 2029년 10월 17일에 만료됩니다. 옵션은 즉시 1/3이 부여되고, 그 이후 매년 1/3씩 부여됩니다.

또한, 2024년 9월 19일, Magna Mining은 특정 이사 및 직원에게 1,031,900개의 옵션을 부여했습니다. 이 옵션은 5년 동안 주당 $1.15로 행사 가능하다고 합니다. 두 가지 모두 회사의 주식 옵션 계획에 따라 부여되었습니다.

Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) a annoncé l'octroi d'options sur actions. Le 17 octobre 2024, la société a attribué 250 000 options sur actions à certains dirigeants et employés. Ces options peuvent être exercées à 1,17 $ par action ordinaire pour une période de cinq ans, expirant le 17 octobre 2029. Les options prennent effet immédiatement pour un tiers et annuellement par la suite pour un tiers.

De plus, le 19 septembre 2024, Magna Mining a accordé 1 031 900 options à certains directeurs et employés. Ces options peuvent être exercées à 1,15 $ par action ordinaire pour une durée de cinq ans. Ces deux octrois ont été réalisés conformément au Plan d'Options sur Actions de la Société.

Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) hat die Gewährung von Aktienoptionsrechten bekanntgegeben. Am 17. Oktober 2024 hat das Unternehmen 250.000 Aktienoptionsrechte bestimmten Führungskräften und Mitarbeitern gewährt. Diese Optionen sind für einen Zeitraum von fünf Jahren zum Preis von 1,17 $ pro Stammaktie ausübbar und laufen am 17. Oktober 2029 aus. Die Optionen werden sofort zu einem Drittel sowie anschließend jährlich zu einem Drittel fällig.

Zusätzlich hat Magna Mining am 19. September 2024 1.031.900 Optionen an bestimmte Direktoren und Mitarbeiter gewährt. Diese Optionen sind für einen Zeitraum von fünf Jahren zum Preis von 1,15 $ pro Stammaktie ausübbar. Beide Gewährungen wurden gemäß dem Aktienoptionsplan des Unternehmens vorgenommen.

Positive
  • Granting of stock options may incentivize and retain key personnel
  • Vesting schedule of options aligns long-term interests of employees with shareholders
Negative
  • Potential dilution of existing shareholders' ownership if options are exercised

Sudbury, Ontario--(Newsfile Corp. - October 21, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) (the "Company" or "Magna") announces that on October 17th, 2024, it granted a total 250,000 stock options ("Options") to purchase common shares of the Company to certain officers and employees pursuant to the Company's Stock Option Plan. Such Options are exercisable into common shares of the Company at an exercise price of $1.17 per common share for a period of five years from the date of grant. The Options vest 1/3 immediately and 1/3 annually thereafter. All of the Options expire on October 17th, 2029.

In addition, on September 19th, 2024, the Company granted a total of 1,031,900 options to certain directors and employees of the company pursuant to the Company's Stock Option Plan. These options are exercisable into common shares at an exercise price of $1.15 per common share for a period of five years from the date of grant.

About Magna Mining Inc.
Magna Mining is an exploration and development company focused on nickel, copper and PGM projects in the Sudbury Region of Ontario, Canada. The Company's flagship assets are the past producing Shakespeare and Crean Hill Mines. The Shakespeare Mine is a feasibility stage project which has major permits for the construction of a 4,500 tonne per day open pit mine, processing plant and tailings storage facility and is surrounded by a contiguous 180km2 prospective land package. Crean Hill is a past producing nickel, copper and PGM mine with a technical report dated July 2023. Additional information about the Company is available on SEDAR (www.sedarplus.ca) and on the Company's website (www.magnamining.com). For more information, please contact:

Jason Jessup
Chief Executive Officer
or
Paul Fowler, CFA
Senior Vice President
Tel: 705-482-9667
Email: info@magnamining.com

Cautionary Statement
This press release contains certain forward-looking information or forward-looking statements as defined in applicable securities laws. Forward-looking statements are not historical facts and are subject to several risks and uncertainties beyond the Company's control, including statements regarding the production at the Shakespeare and Crean Hill Mines, the economic and operational potential of the Shakespeare and Crean Hill Mines, potential acquisitions, plans to complete exploration programs, potential mineralization, exploration results and statements regarding beliefs, plans, expectations, or intentions of the Company. Resource exploration and development is highly speculative, characterized by several significant risks, which even a combination of careful evaluation, experience and knowledge may not eliminate. All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/227357

FAQ

How many stock options did Magna Mining (MGMNF) grant on October 17th, 2024?

Magna Mining granted 250,000 stock options on October 17th, 2024.

What is the exercise price for the stock options granted by Magna Mining (MGMNF) on October 17th, 2024?

The exercise price for the stock options granted on October 17th, 2024, is $1.17 per common share.

When do the stock options granted by Magna Mining (MGMNF) on October 17th, 2024 expire?

The stock options granted on October 17th, 2024, expire on October 17th, 2029.

How many stock options did Magna Mining (MGMNF) grant on September 19th, 2024?

Magna Mining granted 1,031,900 stock options on September 19th, 2024.

MAGNA MNG INC

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