STOCK TITAN

West Point Gold Announces Stock Option Grant

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

West Point Gold (TSXV: WPG) (OTCQB: WPGCF) has announced a new stock option grant approved by its Board of Directors. The company has granted 450,000 stock options to certain directors and consultants under its 2020 Stock Option Plan. The options are exercisable at $0.33 per share, vest immediately, and will expire on February 13, 2030.

Additionally, the company issued a correction regarding its previous press release about engaging ICP Securities Inc., clarifying that the correct start date is February 12, 2025, not February 12, 2024 as initially stated.

West Point Gold (TSXV: WPG) (OTCQB: WPGCF) ha annunciato una nuova concessione di opzioni su azioni approvata dal suo Consiglio di Amministrazione. L'azienda ha concesso 450.000 opzioni su azioni a determinati direttori e consulenti nell'ambito del suo Piano di Opzioni su Azioni 2020. Le opzioni sono esercitabili a $0,33 per azione, si vestono immediatamente e scadranno il 13 febbraio 2030.

Inoltre, l'azienda ha emesso una correzione riguardo al suo precedente comunicato stampa relativo all'ingaggio di ICP Securities Inc., chiarendo che la data di inizio corretta è il 12 febbraio 2025 e non il 12 febbraio 2024 come inizialmente dichiarato.

West Point Gold (TSXV: WPG) (OTCQB: WPGCF) ha anunciado una nueva concesión de opciones sobre acciones aprobada por su Junta Directiva. La compañía ha otorgado 450,000 opciones sobre acciones a ciertos directores y consultores bajo su Plan de Opciones sobre Acciones 2020. Las opciones son ejercitables a $0.33 por acción, se consolidan de inmediato y expirarán el 13 de febrero de 2030.

Además, la compañía emitió una corrección sobre su comunicado de prensa anterior acerca de la contratación de ICP Securities Inc., aclarando que la fecha de inicio correcta es el 12 de febrero de 2025, no el 12 de febrero de 2024 como se indicó inicialmente.

웨스트 포인트 골드 (TSXV: WPG) (OTCQB: WPGCF)는 이사회에서 승인한 새로운 주식 옵션 부여를 발표했습니다. 회사는 2020 주식 옵션 계획에 따라 특정 이사 및 컨설턴트에게 450,000개의 주식 옵션을 부여했습니다. 옵션은 주당 $0.33에 행사할 수 있으며, 즉시 귀속되고 2030년 2월 13일에 만료됩니다.

또한, 회사는 ICP 증권 Inc.와의 계약에 대한 이전 보도자료에 대한 정정을 발표하며, 올바른 시작 날짜는 2025년 2월 12일이며, 처음에 언급된 2024년 2월 12일이 아님을 명확히 했습니다.

West Point Gold (TSXV: WPG) (OTCQB: WPGCF) a annoncé une nouvelle attribution d'options sur actions approuvée par son Conseil d'Administration. La société a accordé 450 000 options sur actions à certains directeurs et consultants dans le cadre de son Plan d'Options sur Actions 2020. Les options sont exerçables à 0,33 $ par action, deviennent immédiatement acquises et expireront le 13 février 2030.

De plus, la société a émis une correction concernant son précédent communiqué de presse sur l'engagement d'ICP Securities Inc., clarifiant que la date de début correcte est le 12 février 2025, et non le 12 février 2024 comme initialement indiqué.

West Point Gold (TSXV: WPG) (OTCQB: WPGCF) hat eine neue Aktienoptionsgewährung angekündigt, die von seinem Vorstand genehmigt wurde. Das Unternehmen hat 450.000 Aktienoptionen an bestimmte Direktoren und Berater im Rahmen seines Aktienoptionsplans 2020 gewährt. Die Optionen sind ausübbar zu $0,33 pro Aktie, werden sofort fällig und laufen am 13. Februar 2030 ab.

Darüber hinaus gab das Unternehmen eine Korrektur zu seiner vorherigen Pressemitteilung über die Engagierung von ICP Securities Inc. heraus und stellte klar, dass das korrekte Startdatum der 12. Februar 2025 und nicht der 12. Februar 2024 ist, wie ursprünglich angegeben.

Positive
  • Immediate vesting of stock options provides instant equity incentive for directors and consultants
Negative
  • Potential dilution of shareholder value through 450,000 new stock options

Vancouver, British Columbia--(Newsfile Corp. - February 13, 2025) - West Point Gold, (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) ("West Point Gold" or the "Company") announces that its Board of Directors has approved a grant of stock options to certain directors and consultants of the Company pursuant to the Company's 2020 Stock Option Plan. A total of 450,000 stock options have been granted to acquire common shares in the capital of the Company at an exercise price of $0.33 per share. These stock options vest immediately and expire on February 13, 2030.

Correction: West Point's press release dated February 13, 2025, announcing its engagement with ICP Securities Inc., incorrectly stated the start date as February 12, 2024, which should have been February 12, 2025.

About West Point Gold Corp.

West Point Gold Corp. (formerly Gold79 Mines Ltd.) is a publicly listed company focused on gold discovery and development at four prolific Walker Lane Trend projects covering Nevada and Arizona, USA. West Point Gold is focused on developing a maiden resource at its Gold Chain project in Arizona, while JV partner Kinross is advancing the Jefferson Canyon project in Nevada.

For further information regarding this press release, please contact:

Aaron Paterson, Corporate Communications Manager
Phone: +1 (778) 358-6173
Email: info@westpointgold.com

Stay Connected with Us:

LinkedIn: linkedin.com/company/west-point-gold
X (Twitter): @westpointgoldUS
Facebook: www.facebook.com/Westpointgold/
Website: westpointgold.com

FORWARD-LOOKING STATEMENTS:

This press release may contain forward-looking statements that are made as of the date hereof and are based on current expectations, forecasts and assumptions which involve risks and uncertainties associated with our business, including any future private placements, the uncertainty as to whether further exploration will result in the target(s) being delineated as a mineral resource, capital expenditures, operating costs, mineral resources, recovery rates, grades and prices, estimated goals, expansion and growth of the business and operations, plans and references to the Company's future successes with its business and the economic environment in which the business operates. All such statements are made pursuant to the 'safe harbour' provisions of, and are intended to be forward-looking statements under, applicable Canadian securities legislation. Any statements contained herein that are statements of historical facts may be deemed to be forward-looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company's most recent annual MD&A and the Company's continuous disclosure documents, which can be found on SEDAR at www.sedarplus.ca. West Point Gold does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/240854

FAQ

How many stock options did West Point Gold (WPGCF) grant in February 2025?

West Point Gold granted 450,000 stock options to directors and consultants in February 2025.

What is the exercise price for West Point Gold's February 2025 stock options?

The exercise price for the stock options is $0.33 per share.

When do West Point Gold's February 2025 stock options expire?

The stock options expire on February 13, 2030.

Do West Point Gold's February 2025 stock options have a vesting period?

No, the stock options vest immediately upon grant.

West Point Gold

OTC:WPGCF

WPGCF Rankings

WPGCF Latest News

WPGCF Stock Data

16.02M
60.36M
6.99%
1.29%
Other Precious Metals & Mining
Basic Materials
Link
Canada
Vancouver