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Sun Peak Metals Grants Stock Options

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Sun Peak Metals Corp. (TSXV:PEAK)(OTCQB:SUNPF) announced the grant of 2,150,000 incentive stock options to its directors, officers, employees, and consultants. The options are exercisable over a five-year period at an exercise price of $0.26, equivalent to the closing share price on February 21, 2023. This grant is part of the Company’s shareholder-approved stock option plan, aimed at aligning the interests of stakeholders and incentivizing performance growth.

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  • Grant of 2,150,000 incentive stock options potentially aligns interests of stakeholders.
  • Options exercise price set at $0.26 reflects recent closing share price, indicating no immediate dilution.
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  • None.

VANCOUVER, BC / ACCESSWIRE / February 22, 2023 / Sun Peak Metals Corp. (the "Company" or "Sun Peak") (TSXV:PEAK)(OTCQB:SUNPF) reports that the board of directors of Sun Peak granted a total of 2,150,000 incentive stock options of the capital stock of the Company to directors, officers, employees and consultants exercisable for up to a five year period at an exercise price of $0.26, being the closing share price on February 21, 2023, pursuant to the Company's shareholder approved stock option plan.

ON BEHALF OF THE BOARD OF DIRECTORS OF SUN PEAK METALS CORP.

Greg Davis
President, CEO & Director

FOR FURTHER INFORMATION, PLEASE CONTACT:

Greg Davis
(T): +1 (604) 999 1099
(E): info@sunpeakmetals.com

Neither 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: Sun Peak Metals Corp.



View source version on accesswire.com:
https://www.accesswire.com/740408/Sun-Peak-Metals-Grants-Stock-Options

FAQ

What is the significance of the 2,150,000 stock options granted by Sun Peak Metals?

The stock options grant aims to align the interests of stakeholders and incentivize performance growth.

What is the exercise price for the stock options granted by Sun Peak Metals?

The exercise price for the stock options is $0.26, the closing share price on February 21, 2023.

How long are the stock options granted by Sun Peak Metals exercisable?

The stock options are exercisable for up to five years from the grant date.

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