Val-d'Or Mining Announces Option Grants

Rhea-AI Summary

Val-d'Or Mining has announced the granting of incentive stock options to its key personnel, including directors, officers, employees, and consultants. A total of 2,320,000 common shares can be purchased at a price of $0.06 per share over the next five years. This strategic move aims to align the interests of the company's leadership and staff with its long-term growth objectives.

Positive

• The stock options grant aligns the interests of directors, officers, employees, and consultants with the company's long-term goals.
• The exercise price of $0.06 per share can be seen as an attractive entry point for potentially appreciating stock.

Negative

• Granting a large number of new shares (2,320,000) may lead to shareholder dilution.
• No immediate financial benefits or business developments were reported in this announcement.

Val-d'Or, Quebec--(Newsfile Corp. - June 19, 2024) - Val-d'Or Mining Corporation (TSXV: VZZ) (the "Company" or "Val-d'Or Mining") announces that the Company's Board has granted incentive stock options to its directors, officers, employees and consultants entitling the purchase of an aggregate 2,320,000 common shares at a per share price of $0.06 for a period of 5 years.

About Val-d'Or Mining Corporation

Val-d'Or Mining Corporation is a junior natural resource issuer involved in the process of acquiring and exploring its mineral property assets, most of which are situated in the Abitibi Greenstone Belt of NE Ontario and NW Québec. To complement its current property interests, the Company regularly evaluates new opportunities for staking and/or acquisitions. Outside of its principal regional focus in the Abitibi Greenstone Belt, the Company holds several other properties in Northern Québec (Nunavik) covering different geological environments and commodities (Ni-Cu-PGE's).

The Company has an expertise in the identification and generation of new projects, and in early-stage exploration. The mineral commodities of interest are broad, and range from gold, copper-zinc-silver, nickel-copper-PGE to industrial and energy minerals. After the initial value creation in the 100%-owned, or majority-owned properties, the Company seeks option/joint venture partners with the technical expertise and financial capacity to conduct more advanced exploration projects.

For additional information, please contact:

Glenn J. Mullan
2772 chemin Sullivan
Val-d'Or, Québec J9P 0B9
Tel.: 819-824-2808, x 204
Email: Glenn.Mullan@GroupZedZed.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 news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/213601

FAQ

What stock options did Val-d'Or Mining grant in June 2024?

Val-d'Or Mining granted incentive stock options for 2,320,000 common shares at $0.06 per share, exercisable over five years.

How many shares are involved in Val-d'Or Mining's June 2024 stock options?

A total of 2,320,000 common shares are involved in the stock options.

What is the exercise price for Val-d'Or Mining's stock options granted in June 2024?

The exercise price is $0.06 per share.

Over what period can Val-d'Or Mining's June 2024 stock options be exercised?

The stock options can be exercised over a five-year period.

Who received the stock options granted by Val-d'Or Mining in June 2024?

The stock options were granted to directors, officers, employees, and consultants of Val-d'Or Mining.