Tudor Gold Announces Grant of Options
Rhea-AI Summary
Tudor Gold Corp. (TSXV: TUD) (FSE: H56) has granted 6,750,000 stock options to its directors, officers, and consultants. These options are part of the company's stock option plan and come with specific terms:
- Exercise period: 5 years
- Exercise price: $0.96 per option
This move is typically aimed at aligning the interests of key personnel with those of the company and its shareholders, potentially incentivizing long-term performance and retention.
Positive
- Alignment of interests between key personnel and shareholders through stock options
- Potential for increased motivation and retention of directors, officers, and consultants
Negative
- Potential future dilution of existing shareholders' ownership if options are exercised
News Market Reaction 1 Alert
On the day this news was published, TDRRF gained 11.11%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - September 12, 2024) - Tudor Gold Corp. (TSXV: TUD) (FSE: H56) (the "Company" or "Tudor") announces that a total of 6,750,000 stock options ("Options") have been granted to directors, officers and consultants, pursuant to the Company's stock option plan. The Options are exercisable for a term of five years at an exercise price of
About Tudor Gold
TUDOR GOLD CORP. is a precious and base metals exploration and development company with claims in British Columbia's Golden Triangle (Canada), an area that hosts producing and past-producing mines and several large deposits that are approaching potential development. The 17,913-hectare Treaty Creek project (in which TUDOR GOLD has a
ON BEHALF OF THE BOARD OF DIRECTORS OF
TUDOR GOLD CORP.
"Ken Konkin"
Ken Konkin
President and Chief Executive Officer
For further information, please visit the Company's website at www.tudor-gold.com or contact:
Chris Curran
Head of Corporate Development and Communications
Phone: (604) 559 8092
E-Mail: chris.curran@tudor-gold.com
Neither Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 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/223176
FAQ
How many stock options did Tudor Gold Corp (TSXV: TUD) grant on September 12, 2024?
What is the exercise price of the stock options granted by Tudor Gold Corp (TSXV: TUD)?
What is the expiration term for the stock options granted by Tudor Gold Corp (TSXV: TUD)?
Who received the stock options granted by Tudor Gold Corp (TSXV: TUD)?
