Regulus Grants Incentive Stock Options

Rhea-AI Summary

Regulus Resources Inc. announces the granting of 5,225,000 incentive stock options to purchase common shares at $0.92 per share for five years. The options will vest over a two-year period, with one-quarter vesting every six months. The company currently has 124,508,818 shares issued and outstanding, along with 11,425,000 options and no warrants outstanding.

VANCOUVER, BC / ACCESSWIRE / February 6, 2024 / Regulus Resources Inc. ("Regulus" or the "Company")(TSX-V:REG)(OTCQX:RGLSF) announces that incentive stock options have been granted to directors, officers, employees and consultants to purchase up to 5,225,000 common shares at a price of $0.92 per share for five years, pursuant to its Stock Option Plan. These stock options will vest over a two-year period, with one-quarter vesting every six months.

The Company currently has 124,508,818 shares issued and outstanding, along with 11,425,000 options (including the options described above) and nil warrants outstanding.

ON BEHALF OF THE REGULUS BOARD

(signed) "John Black"
John Black
CEO and Director

Tel: +1 (604) 685-6800
Email: info@regulusresources.com

For further information, please consult our website at www.regulusresources.com or contact:

Ben Cherrington
Tel: +1 347 394 2728 or +44 7538 244 208
Email: ben.cherrington@regulusresources.com

About Regulus Resources Inc. and the AntaKori Project

Regulus is an international mineral exploration company run by an experienced technical and management team. The principal project held by Regulus is the AntaKori copper-gold-silver project in northern Peru. The AntaKori project currently hosts a resource with indicated mineral resources of 250 million tonnes with a grade of 0.48 % Cu, 0.29 g/t Au and 7.5 g/t Ag and inferred mineral resources of 267 million tonnes with a grade of 0.41 % Cu, 0.26 g/t Au, and 7.8 g/t Ag (independent technical report prepared by AMEC Foster Wheeler (Peru) S.A., a Wood company, titled AntaKori Project, Cajamarca Province, Peru, NI 43-101 Technical Report, dated February 22, 2019 - see news release dated March 1, 2019). Mineralization remains open in most directions.

Disclaimer

Neither the 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: Regulus Resources, Inc.

View the original press release on accesswire.com

FAQ

How many incentive stock options have been granted by Regulus Resources Inc.?

Regulus Resources Inc. has granted 5,225,000 incentive stock options.

At what price can the incentive stock options be exercised?

The incentive stock options can be exercised at a price of $0.92 per share.

What is the vesting period for the incentive stock options?

The options will vest over a two-year period, with one-quarter vesting every six months.

How many shares are currently issued and outstanding for Regulus Resources Inc.?

Regulus Resources Inc. currently has 124,508,818 shares issued and outstanding.

How many options are outstanding for Regulus Resources Inc.?

Regulus Resources Inc. has 11,425,000 options outstanding.