Tarku Announces the Grant of Stock Options

Rhea-AI Summary

Tarku Resources Ltd (OTCQB: TRKUF) announced the approval of 1,500,000 stock options for its directors and officers. These options have an exercise price of $0.10 per share and will expire on February 16, 2027, if not exercised. Tarku focuses on mineral exploration in Quebec and Arizona, owning 100% of the Three A's projects in Quebec and holding an option for 75% of the Silver Strike Project in Arizona. The company aims to capitalize on promising mining jurisdictions.

Positive

• Approval of 1,500,000 stock options to incentivize management.
• Stock options exercisable at a favorable price of $0.10 per share.
• Focus on exploration in promising regions like Quebec and Arizona.
• Full ownership of the Three A’s exploration projects in Quebec.

Negative

• None.

MONTREAL, QC / ACCESSWIRE / February 19, 2022 / Tarku Resources Ltd (TSXV:TKU)(FRA:7TK)(OTCQB:TRKUF) (the "Company" or "Tarku") announces that the board of directors has approved the grant of 1,500,000 stock options ("Options") pursuant to the Company's Stock Option Plan. The options, which were granted to directors and officers of the Company, are exercisable at a price of $0.10 per share. If not exercised, the Options will expire on February 16, 2027, subject to earlier expiration in accordance with the Stock Option Plan and the applicable policies of the TSX Venture Exchange.

About Tarku Resources Ltd. (TSX.V: TKU - FRA: 7TK - OTCBQ: TRKUF)

Tarku is an exploration company focused on new discoveries in favourable mining jurisdictions such as Quebec and Arizona. In Quebec, Tarku owns 100% of the " Three A 's" exploration projects, (Apollo, Admiral and Atlas Projects), in the Matagami Greenstone Belt, which has been interpreted by management as the eastern extension of the Detour Belt, and which has seen recent exploration successes by Midland Exploration Inc., Wallbridge Mining Company Ltd., Probe Metals Inc. In Arizona, in the Tombstone District, Tarku owns the option to acquire 75% on 20km ² in the Silver Strike Project.

On behalf of Tarku Resources Ltd

Julien Davy,
President and CEO

Tarku Contact Information :
Email: investors@tarkuresources.com
Website: www.tarkuresources.com

Please follow @TarkuResources on LinkedIn, Facebook, Twitter and Instagram.

Neither 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.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to vary materially from targeted results and planning. Such risks and uncertainties include those described in Tarku's periodic reports including the annual report or in the filings made by Tarku from time to time with securities regulatory authorities.

SOURCE: Tarku Resources ltd

View source version on accesswire.com:
https://www.accesswire.com/689582/Tarku-Announces-the-Grant-of-Stock-Options

FAQ

What stock options did Tarku Resources announce on February 19, 2022?

Tarku Resources announced the grant of 1,500,000 stock options to its directors and officers, with an exercise price of $0.10 per share.

What is the expiration date for the stock options granted by Tarku Resources?

The stock options will expire on February 16, 2027, if not exercised.

What projects does Tarku Resources focus on?

Tarku Resources focuses on exploration in Quebec and Arizona, including the Three A's projects in Quebec and the Silver Strike Project in Arizona.

What is the ticker symbol for Tarku Resources?

The ticker symbol for Tarku Resources is TRKUF on the OTCQB.

How many stock options were granted to Tarku Resources' management?

Tarku Resources granted 1,500,000 stock options to its directors and officers.