Plata Latina Grants Stock Options

Rhea-AI Summary

Plata Latina Minerals (TSXV: PLA) has granted 6,328,572 stock options to its directors, officer, and consultant. The options are exercisable at C$0.01 per share and have a five-year expiration date of August 23, 2029. This stock option grant is a common practice in the mining industry to align the interests of key personnel with those of shareholders and provide incentives for long-term value creation.

Positive

• Alignment of interests between key personnel and shareholders through stock option grants

Negative

• Potential dilution of existing shareholders' ownership if options are exercised

Vancouver, British Columbia--(Newsfile Corp. - August 26, 2024) - Plata Latina Minerals Corporation (TSXV: PLA) ("Plata Latina" or the "Company") has granted an aggregate of 6,328,572 stock options to its directors, officer and consultant. The options are exercisable at C$0.01 per share for a period of five years, expiring on August 23, 2029.

About Plata Latina Minerals

Plata Latina Minerals was a Canadian exploration company with mineral properties in Mexico. The Company sold its Naranjillo Property to Fresnillo plc for a total of US $2,150,000 and currently receives advance royalty payments of US $100,000 until the earlier of (i) US $1,000,000 of advance royalty payments have been paid, or (ii) Naranjillo commences commercial production of minerals. In addition, the Company was granted a 3% net smelter return royalty (NSR). The Company also has a 2% NSR on the La Joya Project, which is indirectly owned by Fortuna Mining Corp.

For more information, please contact:

Patricia Fong
Chief Financial Officer
Telephone: +1 800 933 9925
Email: info@plminerals.com

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221159

FAQ

How many stock options did Plata Latina Minerals (TSXV: PLA) grant on August 26, 2024?

Plata Latina Minerals (TSXV: PLA) granted an aggregate of 6,328,572 stock options on August 26, 2024.

What is the exercise price of the stock options granted by Plata Latina Minerals (TSXV: PLA)?

The stock options granted by Plata Latina Minerals (TSXV: PLA) are exercisable at C$0.01 per share.

When do the stock options granted by Plata Latina Minerals (TSXV: PLA) expire?

The stock options granted by Plata Latina Minerals (TSXV: PLA) expire on August 23, 2029, which is five years from the grant date.

Who received the stock options from Plata Latina Minerals (TSXV: PLA)?

Plata Latina Minerals (TSXV: PLA) granted the stock options to its directors, officer, and consultant.