Sky Gold Corp. Option Set

Rhea-AI Summary

Sky Gold Corp. (TSXV:SKYG)(OTC PINK:SRKZF) has announced the granting of 700,000 stock options to its directors and officers. These options have an exercise price of $0.11 each and are valid for a period of three years. This decision is part of the company's stock option plan aimed at aligning the interests of management and shareholders. Sky Gold Corp. is engaged in mineral exploration across Canada and the USA, focusing on acquiring and advancing mineral properties for shareholder benefit. The move to issue stock options reflects a strategy to incentivize leadership within the company as it continues to explore and develop its assets.

Positive

• Granting of 700,000 options may align management's interests with shareholder value.
• Exercise price of $0.11 suggests a favorable entry point for management.
• Stock option plan reflects proactive business strategy.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / April 13, 2023 / SKY GOLD CORP. ("Sky" or the "Company") (TSXV:SKYG)(OTC PINK:SRKZF) announces it has set 700,000 options at an exercise price of $0.11 good for 3 years to directors and officers of the Company in accordance with the Company's stock option plan.

About Sky Gold Corp.

Sky Gold Corp. is a junior mineral exploration company engaged in acquiring and advancing mineral properties in Canada and the USA for the benefit of its shareholders.

ON BEHALF OF THE BOARD

"Mike England"

Mike England, CEO, PRESIDENT & DIRECTOR

FOR FURTHER INFORMATION PLEASE CONTACT:

Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770

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.

SOURCE: Sky Gold Corp.

View source version on accesswire.com:
https://www.accesswire.com/749222/Sky-Gold-Corp-Option-Set

FAQ

What is the significance of the 700,000 options granted by Sky Gold Corp. (SRKZF)?

The 700,000 options are intended to incentivize directors and officers, aiming to align their interests with those of shareholders.

What is the exercise price for the options granted to Sky Gold's directors and officers?

The options have an exercise price of $0.11.

How long are the options granted to Sky Gold Corp. valid?

The options are valid for a period of three years.

What is the primary business focus of Sky Gold Corp. (SRKZF)?

Sky Gold Corp. focuses on acquiring and advancing mineral properties in Canada and the USA.

Who is the CEO of Sky Gold Corp.?

Mike England is the CEO, President, and Director of Sky Gold Corp.