Gold Terra Grants Options

Rhea-AI Summary

Gold Terra Resource Corp. has granted incentive stock options for a total of 1,125,000 shares at an exercise price of $0.435 each, valid for five years. This offer extends to a new director, employees, and consultants, in accordance with TSX Venture Exchange policies. Gold Terra’s Yellowknife City Gold project, covering 790 sq. km, is situated near vital infrastructure and has identified significant gold mineralization zones, aiming to reaffirm Yellowknife as a top Canadian gold mining hub.

Positive

• Granting of stock options could enhance employee and director motivation.
• Significant mineralization zones identified in the Yellowknife City Gold project suggest future growth potential.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / August 12, 2020 / Gold Terra Resource Corp. (TSX-V:YGT) (Frankfurt:TX0) (OTC PINK:TRXXF) ("Gold Terra" or the "Company) announces the grant of incentive stock options under the Company's stock option plan to its new director, employees and consultants to purchase up to an aggregate of 1,125,000 treasury shares. The options are exercisable at a price of $0.435 per share for a period of 5 years and are subject to the policies of the TSX Venture Exchange and the Company's stock option plan.

About Gold Terra's Yellowknife City Gold Project

The Yellowknife City Gold ("YCG") project encompasses 790 sq. km of contiguous land immediately north, south and east of the City of Yellowknife in the Northwest Territories. Through a series of acquisitions, Gold Terra controls one of the six major high-grade gold camps in Canada. Being within 10 kilometres of the City of Yellowknife, the YCG is close to vital infrastructure, including all-season roads, air transportation, service providers, hydro-electric power and skilled tradespeople.

The YCG lies on the prolific Yellowknife greenstone belt, covering nearly 70 kilometres of strike length along the main mineralized shear system that host the former-producing high-grade Con and Giant gold mines. The Company's exploration programs have successfully identified significant zones of gold mineralization and multiple targets that remain to be tested which reinforces the Company's objective of re-establishing Yellowknife as one of the premier gold mining districts in Canada.

Visit our website at www.goldterracorp.com.

For more information, please contact:

David Suda, President and CEO
Phone: 604-928-3101 | Toll-Free: 1-855-737-2684
dsuda@goldterracorp.com

Neither the 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.

SOURCE: Gold Terra Resource Corp

View source version on accesswire.com:
https://www.accesswire.com/601321/Gold-Terra-Grants-Options

FAQ

What stock options did Gold Terra Resource Corp. grant?

Gold Terra granted stock options for 1,125,000 shares at an exercise price of $0.435 each.

Who received stock options from Gold Terra?

The stock options were granted to a new director, employees, and consultants.

What is the duration of the stock options granted by Gold Terra?

The options are exercisable for a period of five years.

What is the focus of Gold Terra's Yellowknife City Gold project?

The project aims to re-establish Yellowknife as a premier gold mining district in Canada.

What is the total area covered by the Yellowknife City Gold project?

The Yellowknife City Gold project encompasses 790 sq. km of contiguous land.