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Western Exploration Grants Incentive Stock Options

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Western Exploration Inc. (TSXV: WEX; OTCQX: WEXPF) has granted 1,265,000 stock options to directors, officers, employees, and consultants. These options are exercisable at $1.10 per Common Share for a 3-year period, with a staggered vesting schedule. Additionally, the company issued 150,000 stock options to Peak Investor Marketing Corp. for investor relations services, also exercisable at $1.10 per share for 3 years, with a different vesting schedule. All options are subject to TSXV policies and a four-month hold period in accordance with Canadian securities laws.

Western Exploration Inc. (TSXV: WEX; OTCQX: WEXPF) ha concesso 1.265.000 opzioni su azioni a membri del consiglio, dirigenti, dipendenti e consulenti. Queste opzioni possono essere esercitate a 1,10 $ per azione ordinaria per un periodo di 3 anni, con un programma di maturazione scaglionato. Inoltre, l'azienda ha emesso 150.000 opzioni su azioni a Peak Investor Marketing Corp. per servizi di relazioni con gli investitori, anch'esse esercitabili a 1,10 $ per azione per 3 anni, ma con un diverso programma di maturazione. Tutte le opzioni sono soggette alle politiche del TSXV e a un periodo di blocco di quattro mesi in conformità con le leggi canadesi sui valori mobiliari.

Western Exploration Inc. (TSXV: WEX; OTCQX: WEXPF) ha otorgado 1.265.000 opciones sobre acciones a directores, funcionarios, empleados y consultores. Estas opciones se pueden ejercer a 1.10 $ por acción común durante un periodo de 3 años, con un programa de adquisición escalonado. Además, la compañía emitió 150.000 opciones sobre acciones a Peak Investor Marketing Corp. por servicios de relaciones con inversores, que también son ejercitables a 1.10 $ por acción durante 3 años, pero con un programa de adquisición diferente. Todas las opciones están sujetas a las políticas del TSXV y a un periodo de retención de cuatro meses de acuerdo con las leyes de valores canadienses.

Western Exploration Inc. (TSXV: WEX; OTCQX: WEXPF)는 이사, 임원, 직원 및 컨설턴트에게 1,265,000 주식 옵션을 부여했습니다. 이 옵션은 1.10 달러의 보통주당 가격으로 3년 기간 동안 행사할 수 있으며, 단계적 가속 조건이 적용됩니다. 또한, 회사는 Peak Investor Marketing Corp.에 투자자 관계 서비스에 대해 150,000 주식 옵션을 추가로 발행하였으며, 이 옵션 역시 3년간 주당 1.10 달러로 행사할 수 있으나, 다른 가속 조건이 적용됩니다. 모든 옵션은 TSXV 정책과 캐나다 증권법에 따른 4개월의 보유 기간을 준수해야 합니다.

Western Exploration Inc. (TSXV: WEX; OTCQX: WEXPF) a accordé 1 265 000 options d'actions à des administrateurs, des dirigeants, des employés et des consultants. Ces options peuvent être exercées à 1,10 $ par action ordinaire pendant une période de 3 ans, selon un calendrier de vesting échelonné. De plus, la société a émis 150 000 options d'actions à Peak Investor Marketing Corp. pour des services de relations avec les investisseurs, également exerçables à 1,10 $ par action pendant 3 ans, mais avec un calendrier de vesting différent. Toutes les options sont soumises aux politiques de la TSXV et à une période de blocage de quatre mois conformément aux lois canadiennes sur les valeurs mobilières.

Western Exploration Inc. (TSXV: WEX; OTCQX: WEXPF) hat 1.265.000 Aktienoptionen an Direktoren, Führungskräfte, Mitarbeiter und Berater gewährt. Diese Optionen sind für 1,10 $ pro Stammaktie über einen Zeitraum von 3 Jahren ausübbar, mit einem gestaffelten Vesting-Zeitplan. Darüber hinaus hat das Unternehmen 150.000 Aktienoptionen an Peak Investor Marketing Corp. für Dienstleistungen im Bereich Investor Relations ausgegeben, die ebenfalls für 1,10 $ pro Aktie für 3 Jahre ausübbar sind, jedoch mit einem anderen Vesting-Zeitplan. Alle Optionen unterliegen den Richtlinien der TSXV und einer viermonatigen Haltefrist gemäß den kanadischen Wertpapiergesetzen.

Positive
  • Incentivizing key personnel and investor relations firm through stock options
  • Staggered vesting schedule aligns long-term interests of option holders with the company
Negative
  • Potential dilution of existing shareholders' equity upon exercise of options

VANCOUVER, British Columbia--(BUSINESS WIRE)-- Western Exploration Inc. (TSXV: WEX; OTCQX: WEXPF) (the "Company" or "Western Exploration") wishes to announce that on August 5, 2024, in accordance with its omnibus equity incentive plan (the "Plan"), the Company has granted to certain directors, officers, employees, and consultants of the Company a total of 1,265,000 stock options (each, an "Option"), with each Option exercisable for one common share of the Company (each a "Common Share") at a price of $1.10 per Common Share for a period of 3 years from the date of grant. The Options will vest according to the following schedule: one-half immediately, one-quarter at 12 months after the date of grant, and the remaining quarter at 24 months after the date of grant.

In addition, the Company wishes to announce that it has issued 150,000 stock options in accordance with the Plan (each an "IR Option") to Peak Investor Marketing Corp., for certain investor relations services being provided to the Company, as previously announced in the news releases of the Company dated June 28, 2024 and July 24, 2024. Each IR Option is exercisable for a Common Share at a price of $1.10 per Common Share for a period of 3 years from the date of grant. The IR Options will vest according to the following schedule: one-half at 6 months after the date of grant, one-quarter at 12 months after the date of grant, and the remaining quarter at 18 months after the date of grant.

The Options and IR Options are subject to TSX Venture Exchange ("TSXV") policies and regulations and, where applicable, are subject to a hold period of four months and one day in accordance with Canadian securities laws.

About Western Exploration

Western Exploration is focused on advancing the 100% owned gold-silver Aura project, located approximately 120 kilometers/75 miles north of the city of Elko, Nevada. The project includes three unique gold and silver deposits: Doby George, Gravel Creek, and Wood Gulch and benefits from well-established infrastructure including year-round access by highway and county-maintained road, and nearby access to water and electricity.

Western Exploration is comprised of an experienced team of precious metals experts that aim to lead the company to becoming North America's premiere gold and silver development company.

Additional information regarding Western Exploration and the Aura Project can be found on the Company's website and on SEDAR+ (www.sedarplus.ca) under the Company's issuer profile.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

For more information please contact:

Darcy Marud

Chief Executive Officer

Telephone: (775) 329-8119

Email: dmarud@westernexploration.com

Nichole Cowles

Investor Relations

Telephone:  775-240-4172

Email:  nicholecowles@westernexploration.com

Source: Western Exploration Inc.

FAQ

How many stock options did Western Exploration (WEXPF) grant on August 5, 2024?

Western Exploration (WEXPF) granted a total of 1,265,000 stock options to directors, officers, employees, and consultants on August 5, 2024.

What is the exercise price and expiration period for the stock options granted by Western Exploration (WEXPF)?

The stock options granted by Western Exploration (WEXPF) are exercisable at $1.10 per Common Share for a period of 3 years from the date of grant.

How many stock options did Western Exploration (WEXPF) issue to Peak Investor Marketing Corp.?

Western Exploration (WEXPF) issued 150,000 stock options to Peak Investor Marketing Corp. for investor relations services.

What is the vesting schedule for the stock options granted by Western Exploration (WEXPF)?

The main stock options vest as follows: one-half immediately, one-quarter at 12 months, and one-quarter at 24 months after the grant date. The IR Options vest differently: one-half at 6 months, one-quarter at 12 months, and one-quarter at 18 months after the grant date.

WESTERN EXPL INC VTG

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