Usha Resources Announces Option Grants

Rhea-AI Summary

Usha Resources Ltd. (TSXV:USHA, OTCQB:USHAF) has granted incentive stock options for 435,227 Shares at an exercise price of $0.20 per Share for five years to directors, officers, and consultants. This move aligns with the company's stock option plan. Usha focuses on exploring commercially viable mineral deposits, particularly in Northwest Ontario, Canada, and the Lost Basin Gold Mining District in Arizona, USA. The company aims to enhance shareholder value through strategic acquisitions and advanced exploration techniques.

Positive

• Granting of stock options could incentivize directors and consultants, potentially boosting company performance.
• Focus on mineral exploration and acquisition may enhance future revenue prospects.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / July 5, 2021 / Usha Resources Ltd. ("USHA" or the "Company") (TSXV:USHA) (OTCQB:USHAF) announces that it has granted incentive stock options to purchase a total of 435,227 Shares at an exercise price of $0.20 per Share for a period of five years to certain directors, officers and consultants in accordance with the provisions of its stock option plan.

About Usha Resources Ltd.
Usha Resources Ltd. is a Canadian mineral acquisition and exploration company based in Vancouver, BC, Canada. Usha is exploring for commercially exploitable mineral deposits and is currently focused on deposits located in Northwest Ontario, Canada and the Lost Basin Gold Mining District in Mohave County, Arizona, U.S.A. Usha increases shareholder value through the acquisition and exploration of quality precious and base metal properties and the application of advanced state-of-the-art exploration methods. Usha's portfolio of strategic properties provides diversification and mitigates investment risk.

USHA RESOURCES LTD.
"Deepak Varshney" CEO and Director

For more information, please phone 778-899-1780, email info@usharesources.com or visit www.usharesources.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: Usha Resources Ltd.

View source version on accesswire.com:
https://www.accesswire.com/654189/Usha-Resources-Announces-Option-Grants

FAQ

What stock options did Usha Resources grant on July 5, 2021?

Usha Resources granted stock options to purchase 435,227 Shares at an exercise price of $0.20 per Share for a period of five years.

What is the significance of the stock options granted by Usha Resources?

The stock options are intended to incentivize key personnel, which may lead to improved management performance and shareholder value.

Where is Usha Resources focused on mineral exploration?

Usha Resources is focused on mineral deposits in Northwest Ontario, Canada, and the Lost Basin Gold Mining District in Arizona, USA.

What is Usha Resources Ltd.'s stock symbol?

Usha Resources trades under the symbols USHA on TSXV and USHAF on OTCQB.