Prospector Issues Stock Options

Rhea-AI Summary

On June 14, 2024, Prospector Metals announced the granting of 3,100,000 stock options to its officers, directors, and consultants. These options are exercisable for five years at a price of C$0.20 per common share. This issuance is subject to approval by the TSX Venture Exchange and aligns with the company's omnibus equity incentive plan.

Positive

• Granted 3,100,000 stock options incentivize key personnel, potentially boosting company performance and morale.
• Options are exercisable at C$0.20 per share, possibly attractive if the stock price rises above this level.

Negative

• Stock options may lead to future share dilution, which can decrease the value for existing shareholders.
• The effectiveness of the incentive is uncertain as it depends on stock price performance.

Vancouver, British Columbia--(Newsfile Corp. - June 14, 2024) - Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) (FSE: 1ET0) ("Prospector" or the "Company") announces that it has granted a total of 3,100,000 incentive stock options to officers, directors and consultants of the Company, subject to TSX Venture Exchange acceptance. Each option is exercisable to purchase one common share of the Company for five years at a price of C$0.20 per common share in accordance with the terms of the Company's omnibus equity incentive plan.

About Prospector Metals Corp.

Prospector Metals Corp. is a Discovery Group Company focused on district scale, early-stage exploration of gold and base metal prospects. Creating shareholder value through new discoveries, the Company identifies underexplored or overlooked mineral districts displaying important structural and mineralogical occurrences similar to more established mining operations. Prospector establishes and maintains relationships with local and Indigenous rightsholders, and seeking to develop partnerships and agreements that are mutually beneficial to all stakeholders.

On behalf of the Board of Directors,
Prospector Metals Corp.

Dr. Rob Carpenter, Ph.D., P.Geo.
President & CEO

For further information about Prospector Metals Corp. or this news release, please visit our website at www.prospectormetalscorp.com or contact us by email at info@prospectormetalscorp.com.

Prospector Metals Corp. is a proud member of Discovery Group. For more information please visit: discoverygroup.ca

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 release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/213165

FAQ

What are the details of Prospector Metals' new stock options issuance?

Prospector Metals has granted 3,100,000 stock options to officers, directors, and consultants. Each option allows the purchase of one common share at C$0.20 within five years.

When were the stock options by Prospector Metals announced?

The stock options were announced on June 14, 2024.

What is the ticker symbol for Prospector Metals on the OTCQB?

The ticker symbol for Prospector Metals on the OTCQB is PMCOF.

What is the exercise price for the newly granted stock options by Prospector Metals?

The exercise price for the stock options is C$0.20 per common share.

How long are the stock options granted by Prospector Metals valid?

The stock options are valid for five years.

What could be a negative impact of Prospector Metals issuing new stock options?

Issuing new stock options can lead to share dilution, reducing the value for existing shareholders.