Murchison Minerals Grants Stock Options

Rhea-AI Summary

Murchison Minerals Ltd. (TSXV:MUR, OTCQB:MURMF) has approved the issuance of 2,315,000 stock options to its directors, officers, employees, and consultants. These options are priced at $0.12 and will expire on December 15, 2027, with immediate vesting. The company focuses on nickel-copper-cobalt exploration at the 100%-owned HPM Project in Quebec and the Brabant Lake zinc-copper-silver project in Saskatchewan. For further details, visit murchisonminerals.ca.

Positive

• Issuance of 2,315,000 stock options may enhance employee and consultant retention.

Negative

• Stock options priced at $0.12 could reflect concerns about current stock performance.

BURLINGTON, ON / ACCESSWIRE / December 16, 2022 / Murchison Minerals Ltd. ("Murchison" or the "Company") (TSXV:MUR)(OTCQB:MURMF) announces that the Company approved the issuance of 2,315,000 stock options to directors, officers, employees and consultants of the Company. The options are exercisable into common shares of the Company at a price of $0.12 expiring on December 15, 2027. The options vested immediately.

About Murchison Minerals Ltd. (TSXV: MUR, OTCQB: MURMF)

Murchison is a Canadian‐based exploration company focused on nickel-copper-cobalt exploration at the 100% - owned HPM Project in Quebec and the exploration and development of the 100% - owned Brabant Lake zinc‐copper‐silver project in north‐central Saskatchewan.

Additional information about Murchison and its exploration projects can be found on the Company's website at www.murchisonminerals.ca. For further information, please contact:

Troy Boisjoli, President and CEO,
Erik H Martin, CFO, or
Justin LaFosse, Director Corporate Development
Tel: (416) 350‐3776
info@murchisonminerals.com

Forward‐Looking Information

Certain information set forth in this news release may contain forward‐looking information that involves substantial known and unknown risks and uncertainties. This forward‐looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to, the impact of general economic conditions, industry conditions, and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward‐looking information. The parties undertake no obligation to update forward‐looking information except as otherwise may be required by applicable securities law.

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

SOURCE: Murchison Minerals Ltd.

View source version on accesswire.com:
https://www.accesswire.com/732236/Murchison-Minerals-Grants-Stock-Options

FAQ

What is the significance of Murchison Minerals issuing 2,315,000 stock options?

The issuance aims to retain key personnel and align their interests with shareholders.

When do Murchison Minerals' stock options expire?

The stock options will expire on December 15, 2027.

What is the exercise price of the stock options issued by Murchison Minerals?

The options are exercisable at a price of $0.12 per share.

What are the main projects of Murchison Minerals?

Murchison Minerals focuses on the HPM nickel-copper-cobalt project and the Brabant Lake zinc-copper-silver project.

How can I find more information about Murchison Minerals?

More information can be found on their website at www.murchisonminerals.ca.