Stinger Resources Announces Granting of Incentive Options

Rhea-AI Summary

Stinger Resources Inc. grants 800,000 incentive stock options to Directors, Officers, and Contractors at a deemed price of $0.05, exercisable until February 26, 2034, subject to TSX Venture Exchange approval.

Cardston, Alberta--(Newsfile Corp. - February 27, 2024) - Stinger Resources Inc. (TSXV: STNG) ("the Corporation") reports that it has granted a total of 800,000 incentive stock options under the Corporation's stock option plan to certain Directors, Officers, and Contractors of the Corporation. The options were granted at a deemed price of $0.05 and are exercisable until February 26, 2034. The incentive options are subject to a hold period of four months and a day from issuance.

The granting of options is subject to approval by the TSX Venture Exchange.

About Stinger

Stinger holds a strong portfolio of gold and silver properties in British Columbia, Canada.

The Corporation's 100% owned Dunwell Mine project is located in the prolific "Golden Triangle" of NW British Columbia.

The Corporation also holds a 100% interest in the Gold Hill project located in SE British Columbia on Boulder Creek in the headwaters of the Wildhorse River.

The Corporation also has earn in options on the Ample Goldmax, Silver Side, and Glitter King properties located in other prospective areas of the province.

For further information please contact Kelvin Burton at: Phone: 587-271-0999 or Email: info@stingerresources.com. Information relating to the Corporation is available on its website at www.stingerresources.com.

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/199442

FAQ

How many incentive stock options were granted by Stinger Resources Inc.?

Stinger Resources Inc. granted a total of 800,000 incentive stock options.

At what price were the incentive stock options granted?

The incentive stock options were granted at a deemed price of $0.05.

Until when are the incentive stock options exercisable?

The incentive stock options are exercisable until February 26, 2034.

What is the hold period for the incentive stock options?

The incentive options are subject to a hold period of four months and a day from issuance.

Who are the recipients of the incentive stock options?

The incentive stock options were granted to certain Directors, Officers, and Contractors of Stinger Resources Inc.