Sun Peak Metals Grants Stock Options

Rhea-AI Summary

Sun Peak Metals Corp. grants 1,475,000 incentive stock options at $0.50 per share to directors, officers, employees, and consultants for a five-year period. The options were issued under the shareholder-approved stock option plan, reflecting the company's commitment to incentivizing key stakeholders.

VANCOUVER, BC / ACCESSWIRE / March 8, 2024 / 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 1,475,000 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 $0.50, being the closing share price on March 7, 2024, 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 the original press release on accesswire.com

FAQ

How many incentive stock options were granted by Sun Peak Metals Corp.?

Sun Peak Metals Corp. granted a total of 1,475,000 incentive stock options.

What is the exercise price of the stock options granted by Sun Peak Metals Corp.?

The exercise price of the stock options is $0.50 per share.

Who are the recipients of the incentive stock options granted by Sun Peak Metals Corp.?

The options were granted to directors, officers, employees, and consultants of the company.

For how long are the stock options exercisable?

The stock options are exercisable for up to a five-year period.

What is the significance of the exercise price being set at $0.50?

The exercise price was set at the closing share price on March 7, 2024, reflecting market value.