Reyna Gold Announces Stock Option Grants

Rhea-AI Summary

Reyna Gold Corp. (TSXV:REYG)(OTCQB:REYGF) announced the issuance of 670,000 incentive stock options as part of its 10% rolling stock option plan. The options can be exercised at a price of $0.40 per share and are valid until June 9, 2027. Out of the total, 420,000 options vest immediately, while 250,000 options for a consultant will vest over 12 months, releasing 62,500 options every three months. Reyna Gold is focused on gold exploration across over 57,000 hectares in Mexico.

Positive

• Grant of 670,000 incentive stock options to directors and advisors
• Options priced at $0.40 per share, providing potential upside
• 420,000 options vest immediately, enhancing management incentive

Negative

• None.

VANCOUVER, BC and HONG KONG, CHINA / ACCESSWIRE / June 10, 2022 / Reyna Gold Corp. (TSXV:REYG)(OTCQB:REYGF) ("Reyna" or the "Company") announces that a total of 670,000 incentive stock options (the "Options") have been granted to a director and certain consultants and advisors of the Company's pursuant to the Company's 10% rolling stock option plan.
The Options are exercisable until June 9^th 2027 at a price of $0.40 per common share. 420,000 Options vest immediately and 250,000 Options granted to a consultant vest over a period of 12 months with 62,500 Options vesting every three (3) months from the date of grant.

Michael Wood

Chief Executive Officer

For Further Information, Please Contact:

Reyna Gold Corp.
Michael Wood, Chief Executive Officer
info@reynagold.com
www.reynagold.com
+852 2501 9328

About Reyna Gold Corp.

Reyna Gold Corp. is a gold exploration company focused on district-scale exploration on two major gold belts in Mexico. The Company has a portfolio of assets on the Mojave-Sonora Megashear and the Sierra Madre Gold and Silver Belt consisting of over 57,000 hectares/ 570 sq km. The Company has an experienced management team with a proven track record of wealth creation in Mexico through project discovery, advancement and monetization.

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 news release.

SOURCE: Reyna Gold Corp

View source version on accesswire.com:
https://www.accesswire.com/704651/Reyna-Gold-Announces-Stock-Option-Grants

FAQ

What was announced by Reyna Gold Corp on June 10, 2022?

Reyna Gold Corp announced the grant of 670,000 incentive stock options as part of its 10% rolling stock option plan.

What is the exercise price for the stock options granted by Reyna Gold?

The exercise price for the stock options is $0.40 per common share.

When do the stock options granted by Reyna Gold expire?

The stock options expire on June 9, 2027.

How many options vest immediately for Reyna Gold's stock options?

420,000 options vest immediately.

How many options granted to a consultant will vest over time?

250,000 options granted to a consultant will vest over a 12-month period.