Taurus Gold Corp. Stock Option Grants

Rhea-AI Summary

Taurus Gold Corp. announced the grants of incentive stock options to directors, officers, and consultants to acquire 900,000 common shares at an exercise price of $0.20 per common share. 775,000 of the Options were granted to directors and officers. The Options are subject to the terms of the 10% rolling stock option plan and are exercisable until February 7, 2029. Contact information for the Director and CEO is provided.

Edmonton, Alberta--(Newsfile Corp. - February 7, 2024) - Taurus Gold Corp. (CSE: TAUR) ("Taurus" or the "Company") announced the grants of incentive stock options (the "Options") to directors, officers and consultants on February 7, 2024 to acquire and aggregate of 900,000 common shares in the capital of the Company at an exercise price of $0.20 per common share. 775,000 of the above noted Options were granted to directors and officers of the Company. All Options were granted pursuant to the Company's 10% rolling stock option plan (the "Plan") and are subject to the terms of the Plan, the applicable grant agreement and the requirements of the CSE.

Vested Options are exercisable any time until 5:00 p.m. (Mountain Time) on February 7, 2029. The Options vest as follows: (i) 25% 3 months from the date of grant; (ii) 25% 6 months from the date of grant; (iii) 25% 9 months from the date of grant; and (iv) 25% 12 months from the date of grant.

Contact Information

Frank Lagiglia
Director and Chief Executive Officer
Taurus Gold Corp.
Phone: 604-512-0972
Email: info@taurusgold.ca
Website: https://taurusgold.ca/

Forward-looking Information:
This news release contains "forward-looking information" or "forward-looking statements" within the meaning of Canadian securities legislation. All statements included herein are forward-looking, other than statements of historical fact. Generally, the forward-looking information and forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "is expected", or "will continue", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information and forward-looking statements, while based on management's best estimates and assumptions, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of Taurus Gold to be materially different from those expressed or implied by such forward-looking information or forward-looking statements. Although Taurus Gold has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information or statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information or statements. The forward-looking statements and forward-looking information are made as of the date hereof and Taurus Gold disclaims, except as required by applicable securities laws, any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements or forward-looking information contained herein to reflect future results. Accordingly, readers should not place undue reliance on forward-looking statements and information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/197176

FAQ

What is the exercise price for the incentive stock options granted by Taurus Gold Corp.?

The exercise price for the incentive stock options granted by Taurus Gold Corp. is $0.20 per common share.

How many common shares can be acquired through the incentive stock options?

A total of 900,000 common shares can be acquired through the incentive stock options.

What is the vesting schedule for the granted options?

The options vest in four tranches: 25% after 3 months, 25% after 6 months, 25% after 9 months, and 25% after 12 months from the date of grant.

What is the expiration date for the exercisable options?

The exercisable options are valid until 5:00 p.m. (Mountain Time) on February 7, 2029.